Which institution is responsible for regulating Pakistan’s banking system?
a) Federal Board of Revenue (FBR)
b) Securities and Exchange Commission of Pakistan (SECP)
c) State Bank of Pakistan (SBP)
d) Pakistan Stock Exchange (PSX)
What is the primary function of the State Bank of Pakistan?
a) Controlling stock exchange activities
b) Regulating monetary policy and issuing currency
c) Collecting taxes
d) Providing loans to individuals
Which banking sector reform was introduced to improve financial stability in Pakistan?
a) Nationalization of banks
b) Digital banking initiatives
c) Increase in tax rates
d) Elimination of all private banks
Which type of banking is growing rapidly in Pakistan due to religious compliance?
a) Retail banking
b) Offshore banking
c) Islamic banking
d) Investment banking
Which bank was Pakistan’s first full-fledged Islamic bank?
a) Bank Alfalah
b) Dubai Islamic Bank
c) Meezan Bank
d) Bank of Punjab
Which financial policy aims to control inflation and stabilize the economy?
a) Trade policy
b) Industrial policy
c) Monetary policy
d) Fiscal policy
Which of the following is a key challenge in Pakistan’s banking sector?
a) High savings rate
b) High non-performing loans (NPLs)
c) Strong cybersecurity systems
d) Increasing foreign investments
What does the term “financial inclusion” mean in Pakistan’s banking sector?
a) Only allowing elite class banking
b) Providing banking services to the entire population, including the underprivileged
c) Restricting banking services to urban areas
d) Promoting foreign banking only
Which financial institution in Pakistan is responsible for stock market regulation?
a) Federal Board of Revenue (FBR)
b) Securities and Exchange Commission of Pakistan (SECP)
c) State Bank of Pakistan (SBP)
d) Pakistan Investment Authority (PIA)
Which banking service helps rural communities access financial support?
a) Corporate banking
b) Microfinance banking
c) Offshore banking
d) Foreign exchange banking
Which type of account is primarily used for daily transactions in Pakistan?
a) Fixed deposit account
b) Current account
c) Investment account
d) Pension account
What is the major reason for banking sector privatization in Pakistan?
a) To reduce government debt and increase efficiency
b) To nationalize more banks
c) To increase state control over financial institutions
d) To eliminate foreign banks
Which act governs the regulation of banks in Pakistan?
a) Banking Companies Ordinance 1962
b) Pakistan Banking Act 2005
c) Financial Management Act 1990
d) National Taxation Act 1987
Which banking innovation is increasing digital transactions in Pakistan?
a) Paper-based banking
b) Blockchain technology
c) Mobile banking apps
d) Manual record-keeping
Which policy aims to prevent illegal financial transactions in Pakistan?
a) Trade Expansion Act
b) Anti-Money Laundering Act
c) Industrial Growth Act
d) Banking Digitalization Plan
Which economic factor heavily affects Pakistan’s banking sector growth?
a) Exchange rate stability
b) Decrease in remittances
c) Reduction in exports
d) Low agricultural output
Which foreign organization monitors Pakistan’s financial regulations?
a) WTO
b) IMF
c) OPEC
d) SAARC
Which financial institution manages long-term industrial financing in Pakistan?
a) State Bank of Pakistan
b) National Bank of Pakistan
c) Pakistan Industrial Credit and Investment Corporation (PICIC)
d) Federal Board of Revenue
What is a major challenge in implementing banking sector digitalization?
a) Increasing demand for physical branches
b) Cybersecurity threats
c) Lack of government support
d) Decreasing internet penetration
Which financial measure is taken to control inflation in Pakistan?
a) Reducing banking transactions
b) Increasing interest rates
c) Eliminating stock exchanges
d) Increasing government borrowing
What does the term “liquidity” mean in banking?
a) The ability to convert assets into cash quickly
b) The profit margin of a bank
c) The amount of loans issued
d) The government’s control over banks
Which type of bank primarily deals with international trade financing?
a) Retail bank
b) Investment bank
c) Commercial bank
d) Development bank
What is the role of the Pakistan Stock Exchange in economic growth?
a) Regulating banking transactions
b) Providing investment opportunities
c) Controlling taxation policies
d) Reducing government debt
What is the primary purpose of commercial banks in Pakistan?
a) Conducting foreign exchange policies
b) Collecting direct taxes
c) Providing loans and credit facilities
d) Setting government financial regulations
Which banking service is essential for international business transactions?
a) Treasury bonds
b) Letter of credit
c) Property loans
d) Local savings accounts
Which banking reform was introduced to promote small businesses in Pakistan?
a) Tax increase on bank profits
b) Launch of SME financing schemes
c) Reduction of trade policies
d) Nationalization of banks
Which is a major source of revenue for commercial banks?
a) Interest on loans
b) Government subsidies
c) Import tariffs
d) Real estate investments
Which type of risk is most concerning for Pakistan’s financial sector?
a) Market risk
b) Weather risk
c) Political risk
d) Social risk
Which technology is transforming Pakistan’s financial services sector?
a) Blockchain
b) Landline telephones
c) Manual bookkeeping
d) Paper-based transactions
