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Everyday Science MCQs
Q
State Bank of Pakistan responsibility ?
AA. Implement taxes
BB. Lending businesses
CC. Implement monetary policy
DD. None of thesethe state bank is responsible for maintaining the currency’s external value, which is one of its principal functions.
Correct Answer:
C. C. Implement monetary policy
Explanation:
In this regard, the Bank is obligated, among other things, to regulate the country’s foreign exchange reserves in accordance with the Foreign Exchange Act of 1947.
