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Q

Medium 1 Mark

General Knowledge Economy of Pakistan

What are commercial banks primarily responsible for in Pakistan?

A Issuing currency

B Controlling monetary policy

C Accepting deposits, providing loans, facilitating trade, and supporting economic growth

D Printing money and regulating insurance

Explanation

Commercial banks in Pakistan accept deposits from customers, provide loans to individuals and businesses, facilitate trade, and support overall economic growth.

Reference: Economy of Pakistan - General Knowledge , Page 4

Hint

These are the everyday banks that ordinary people and businesses use.

Explanation

Hint

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