Which institution regulates the banking sector in Pakistan?
a) Federal Board of Revenue (FBR)
b) State Bank of Pakistan (SBP)
c) Pakistan Stock Exchange (PSX)
d) Securities and Exchange Commission of Pakistan (SECP)
What was the main objective of Pakistan’s banking sector reforms?
a) Increase government control
b) Improve financial stability and efficiency
c) Reduce foreign investment
d) Eliminate private banks
Which major banking reform was introduced in the 1990s in Pakistan?
a) Privatization of state-owned banks
b) Nationalization of private banks
c) Closure of all foreign banks
d) Ban on digital banking
Which Pakistani bank was the first to be privatized under banking reforms?
a) Habib Bank Limited
b) United Bank Limited
c) National Bank of Pakistan
d) Bank Alfalah
What role does the SECP play in the banking sector?
a) Regulates stock market operations
b) Issues banking licenses
c) Controls inflation rates
d) Manages foreign exchange reserves
What is the minimum capital requirement for banks in Pakistan set by SBP?
a) Rs. 1 billion
b) Rs. 10 billion
c) Rs. 25 billion
d) Rs. 50 billion
Which policy was introduced to promote financial inclusion in Pakistan?
a) Islamic Banking Policy
b) Branchless Banking Policy
c) Industrial Growth Policy
d) Agriculture Finance Policy
Which of the following is a key challenge in Pakistan’s banking sector?
a) High literacy rates
b) Political interference
c) Decline in foreign remittances
d) Increase in digital transactions
Which international financial organization assisted Pakistan in banking sector reforms?
a) World Bank
b) United Nations
c) Asian Development Bank
d) International Monetary Fund (IMF)
Which of the following is NOT a commercial bank in Pakistan?
a) Habib Bank Limited
b) MCB Bank
c) State Bank of Pakistan
d) United Bank Limited
Which act governs banking operations in Pakistan?
a) Banking Companies Ordinance 1962
b) Companies Act 2017
c) Financial Services Act 2008
d) Monetary Regulation Act 1995
Which major technology has revolutionized Pakistan’s banking sector?
a) Blockchain
b) Artificial Intelligence
c) Mobile and internet banking
d) Cloud computing
Which bank was established as Pakistan’s first Islamic bank?
a) Meezan Bank
b) Al Baraka Bank
c) Bank Islami
d) Dubai Islamic Bank
What is the main benefit of Pakistan’s Islamic banking reforms?
a) Lower tax rates
b) Shariah-compliant financial services
c) Higher interest rates
d) Government subsidies
Which of the following reforms was aimed at reducing non-performing loans (NPLs)?
a) Improved credit risk management
b) Lowering banking capital requirements
c) Increasing interest rates
d) Banning loan approvals
What is the purpose of Basel III regulations in Pakistan’s banking sector?
a) Improve bank capital and risk management
b) Increase interest rates on loans
c) Promote digital banking
d) Enhance real estate investment
Which policy aims to boost access to banking services for the unbanked population?
a) Financial Inclusion Strategy
b) Export Enhancement Policy
c) Foreign Exchange Act
d) Stock Market Reform Plan
Which banking service has expanded due to fintech companies in Pakistan?
a) Agriculture loans
b) Online and mobile banking
c) Gold-based investments
d) Foreign direct investment
What was a key reason for introducing risk-based banking supervision in Pakistan?
a) Enhancing stock market investments
b) Reducing financial instability
c) Promoting real estate growth
d) Increasing cash-based transactions
Which financial institution provides long-term financing to businesses in Pakistan?
a) State Bank of Pakistan
b) Pakistan Industrial Credit and Investment Corporation (PICIC)
c) National Bank of Pakistan
d) Federal Board of Revenue
What is the role of the Deposit Protection Corporation (DPC) in Pakistan?
a) Regulates foreign currency exchange
b) Ensures protection of bank deposits
c) Issues banking licenses
d) Manages investment funds
Which reform was introduced to combat money laundering in Pakistan?
a) Financial Action Task Force (FATF) compliance measures
b) Increase in cash withdrawal limits
c) Higher bank service fees
d) Removal of banking regulations
What is a key benefit of digital banking reforms in Pakistan?
a) Reduced dependency on cash transactions
b) Higher inflation rates
c) Increased unemployment
d) Decrease in foreign investment
Which regulatory body ensures compliance with banking laws in Pakistan?
a) Federal Board of Revenue
b) State Bank of Pakistan
c) Pakistan Telecommunication Authority
d) Supreme Court of Pakistan
Which law was enacted to improve anti-money laundering measures in Pakistan?
a) Anti-Money Laundering Act 2010
b) Companies Ordinance 1984
c) Taxation Act 2001
d) Consumer Protection Act 2008
What impact did financial sector reforms have on Pakistan’s economy?
a) Increased financial inclusion
b) Decreased foreign remittances
c) Reduced banking competition
d) Higher inflation
Which international standard does Pakistan follow for banking regulations?
a) Basel Accords
b) WTO Regulations
c) IMF Monetary Policy
d) UN Banking Standards
Which type of banking was introduced to improve rural financial access?
a) Microfinance banking
b) Corporate banking
c) Investment banking
d) Offshore banking
What is a key objective of banking sector digitization in Pakistan?
a) Expand cash-based transactions
b) Enhance financial inclusion and efficiency
c) Reduce internet banking services
d) Increase interest rates
