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Q

Easy 1 Mark

General Knowledge Economy of Pakistan

What is the primary function of the State Bank of Pakistan?

A Only to accept deposits

B Regulating the banking system, monetary policy, currency issuance, and managing foreign exchange

C Providing microfinance only

D Investing in the stock market

Explanation

The State Bank of Pakistan regulates the banking system, controls monetary policy, issues currency notes, supervises commercial banks, and manages foreign exchange reserves.

Reference: Economy of Pakistan - General Knowledge , Page 4

Hint

As a central bank, it oversees the entire financial system.

Explanation

Hint

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