CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
State Bank of Pakistan (SBP)
Complete this Pakistan Affairs fact about State Bank of Pakistan (SBP): "first governor" corresponds to ______.
A. Zahid Hussain
B. Xi Jinping
C. Shah Jahan
D. Babur
Correct Answer: A
Zahid Hussain is the correct completion. Zahid Hussain became the first SBP Governor.
CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
State Bank of Pakistan (SBP)
Complete this Pakistan Affairs fact about State Bank of Pakistan (SBP): "inauguration" corresponds to ______.
A. 1 July 1949
B. 1 July 1948
C. 1 July 1947
D. 3 July 1948
Correct Answer: B
1 July 1948 is the correct completion. Quaid-e-Azam inaugurated the State Bank on 1 July 1948.
CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
State Bank of Pakistan (SBP)
Complete this Pakistan Affairs fact about State Bank of Pakistan (SBP): "full form" corresponds to ______.
A. SECP
B. Ministry of Finance
C. State Bank of Pakistan
D. Monetary Policy Committee
Correct Answer: C
State Bank of Pakistan is the correct completion. SBP is Pakistan's central bank.
CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
State Bank of Pakistan (SBP)
Within State Bank of Pakistan (SBP), the answer "To expand access and improve efficiency of financial services" is associated with which tested detail?
A. inauguration
B. lender of last resort
C. financial inclusion
D. central-bank role
Correct Answer: C
The tested detail is "financial inclusion". Digital finance can reduce transaction costs and bring more people into formal banking.
CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
State Bank of Pakistan (SBP)
Within State Bank of Pakistan (SBP), the answer "Minimum reserves banks must hold with the central bank" is associated with which tested detail?
A. full form
B. reserve requirement
C. policy rate
D. central-bank role
Correct Answer: B
The tested detail is "reserve requirement". Reserve requirements influence liquidity and prudential safety.
CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
State Bank of Pakistan (SBP)
Within State Bank of Pakistan (SBP), the answer "Manage liquidity in the banking system" is associated with which tested detail?
A. open market operations
B. monetary policy committee
C. policy rate
D. exchange rate
Correct Answer: A
The tested detail is "open market operations". SBP buys or sells/borrows securities through OMOs to influence short-term liquidity.
CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
State Bank of Pakistan (SBP)
Within State Bank of Pakistan (SBP), the answer "Central-bank support to solvent banks facing temporary liquidity stress" is associated with which tested detail?
A. bank supervision
B. currency issuance
C. reserve requirement
D. lender of last resort
Correct Answer: D
The tested detail is "lender of last resort". This function helps prevent destabilizing bank runs.
CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
State Bank of Pakistan (SBP)
Within State Bank of Pakistan (SBP), the answer "Monetary Policy Committee" is associated with which tested detail?
A. full form
B. monetary policy committee
C. reserve requirement
D. inflation objective
Correct Answer: B
The tested detail is "monetary policy committee". The MPC is responsible for monetary-policy decisions.
CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
State Bank of Pakistan (SBP)
Within State Bank of Pakistan (SBP), the answer "Market where banks trade currencies with each other" is associated with which tested detail?
A. inflation objective
B. reserve requirement
C. policy rate
D. exchange rate
Correct Answer: D
The tested detail is "exchange rate". SBP monitors and regulates the foreign-exchange system.
CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
State Bank of Pakistan (SBP)
Within State Bank of Pakistan (SBP), the answer "To reduce demand and inflationary pressure" is associated with which tested detail?
A. inflation objective
B. exchange rate
C. bank supervision
D. lender of last resort
Correct Answer: A
The tested detail is "inflation objective". Higher interest rates can slow credit and spending.
CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
State Bank of Pakistan (SBP)
Within State Bank of Pakistan (SBP), the answer "Signal the stance of monetary policy" is associated with which tested detail?
A. foreign reserves
B. monetary policy committee
C. policy rate
D. bank supervision
Correct Answer: C
The tested detail is "policy rate". Changes in the policy rate influence borrowing costs, inflation and demand.
CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
State Bank of Pakistan (SBP)
Within State Bank of Pakistan (SBP), the answer "Conduct monetary policy and maintain monetary and financial stability" is associated with which tested detail?
A. exchange rate
B. central-bank role
C. lender of last resort
D. first governor
Correct Answer: B
The tested detail is "central-bank role". The central bank manages money, liquidity, banking oversight and foreign reserves.
CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
State Bank of Pakistan (SBP)
Within State Bank of Pakistan (SBP), the answer "Zahid Hussain" is associated with which tested detail?
A. inauguration
B. currency issuance
C. policy rate
D. first governor
Correct Answer: D
The tested detail is "first governor". Zahid Hussain became the first SBP Governor.
CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
State Bank of Pakistan (SBP)
Within State Bank of Pakistan (SBP), the answer "1 July 1948" is associated with which tested detail?
A. inauguration
B. currency issuance
C. reserve requirement
D. bank supervision
Correct Answer: A
The tested detail is "inauguration". Quaid-e-Azam inaugurated the State Bank on 1 July 1948.
CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
State Bank of Pakistan (SBP)
Within State Bank of Pakistan (SBP), the answer "State Bank of Pakistan" is associated with which tested detail?
A. inflation objective
B. foreign reserves
C. full form
D. central-bank role
Correct Answer: C
The tested detail is "full form". SBP is Pakistan's central bank.
CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
State Bank of Pakistan (SBP)
Which pairing is correct for the "financial inclusion" aspect of State Bank of Pakistan (SBP)?
A. financial inclusion — Signal the stance of monetary policy
B. financial inclusion — Conduct monetary policy and maintain monetary and financial stability
C. financial inclusion — Manage liquidity in the banking system
D. financial inclusion — To expand access and improve efficiency of financial services
Correct Answer: D
The correct match is "financial inclusion — To expand access and improve efficiency of financial services". Digital finance can reduce transaction costs and bring more people into formal banking.
CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
State Bank of Pakistan (SBP)
Which pairing is correct for the "reserve requirement" aspect of State Bank of Pakistan (SBP)?
A. reserve requirement — Signal the stance of monetary policy
B. reserve requirement — Minimum reserves banks must hold with the central bank
C. reserve requirement — Central-bank support to solvent banks facing temporary liquidity stress
D. reserve requirement — Manage liquidity in the banking system
Correct Answer: B
The correct match is "reserve requirement — Minimum reserves banks must hold with the central bank". Reserve requirements influence liquidity and prudential safety.
CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
State Bank of Pakistan (SBP)
Which pairing is correct for the "open market operations" aspect of State Bank of Pakistan (SBP)?
A. open market operations — Manage liquidity in the banking system
B. open market operations — Minimum reserves banks must hold with the central bank
C. open market operations — Central-bank support to solvent banks facing temporary liquidity stress
D. open market operations — Signal the stance of monetary policy
Correct Answer: A
The correct match is "open market operations — Manage liquidity in the banking system". SBP buys or sells/borrows securities through OMOs to influence short-term liquidity.
CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
State Bank of Pakistan (SBP)
Which pairing is correct for the "lender of last resort" aspect of State Bank of Pakistan (SBP)?
A. lender of last resort — Central-bank support to solvent banks facing temporary liquidity stress
B. lender of last resort — Conduct monetary policy and maintain monetary and financial stability
C. lender of last resort — Signal the stance of monetary policy
D. lender of last resort — Manage liquidity in the banking system
Correct Answer: A
The correct match is "lender of last resort — Central-bank support to solvent banks facing temporary liquidity stress". This function helps prevent destabilizing bank runs.
CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
State Bank of Pakistan (SBP)
Which pairing is correct for the "monetary policy committee" aspect of State Bank of Pakistan (SBP)?
A. monetary policy committee — Securities and Exchange Commission of Pakistan
B. monetary policy committee — State Bank of Pakistan
C. monetary policy committee — SECP
D. monetary policy committee — Monetary Policy Committee
Correct Answer: D
The correct match is "monetary policy committee — Monetary Policy Committee". The MPC is responsible for monetary-policy decisions.