Important Banks

1.       What is meant by IMF?

Ans. International Monetary Fund.

2.       Where is Headquarters of IMF?

Ans. Washington, D.C.

3.       Head of IMF?

Ans. Managing Director (MD).

4.       Name of IMF MD?

Ans. Kristalina Georgieva

5.       When did IMF establish?

Ans. Established on 27 Dec, 1945.

6.       What is the purpose of IMF?

Ans. Promote international monetary co-operation, facilitate international trade, foster sustainable economic growth, make resources available to members experiencing balance of payments difficulties. IMF focuses on macroeconomic issues.

7.       Members of IMF?

Ans. 189 members.

8.       Where is Headquarters of World Bank?

Ans. Washington, D.C.

9.       Head of World Bank?

Ans. President.

10. Name of World Bank president?

Ans. David Malpass.

11. When did World Bank establish?

Ans. Established in July 1945.

12. What is the purpose of World Bank?

Ans. The World Bank international financial institution that provides loans and grants to the governments of poorer countries for the purpose of pursuing capital projects. World Bank concentrates on long-term economic development and poverty reduction. It comprises two institutions: the International Bank for Reconstruction and Development (IBRD), and the International Development Association (IDA). The World Bank is a component of the World Bank Group.

13. Members of World Bank?

Ans. 189 members.

14. Where is Headquarters of Asian Development Bank?

Ans.  Manila, Philippines.

15. Head of Asian Development Bank?

Ans. President.

16. Name of Asian Development Bank president?

Ans. Takehiko Nakao.

17. When did Asian Development Bank established?

Ans. Established on 19 Dec, 1966.

18. What is the purpose of Asian Development Bank?

Ans. Social and Economic Development.

19. Members of Asian Development Bank?

Ans. Total 68 members. 49 members from the Asian and Pacific Region, 19 members from Other Regions.

20. Where is Headquarters of State Bank of Pakistan?

Ans. Karachi.

21. Names of Governor and President of State Bank of Pakistan?

Ans. Raza Baqir (President) and Tariq Bajwa (19th Governor)

22. When did State Bank of Pakistan establish?

Ans. Established on 01-Jul-1948 and inaugurated by Quaid-e-Azam Muhammad Ali Jinnah.

23. What is the purpose of State Bank of Pakistan?

Ans. Under the State Bank of Pakistan Order 1948, the state bank of Pakistan was charged with the duty to "regulate the issue of bank notes and keeping of reserves with a view to securing monetary stability in Pakistan and generally to operate the currency and credit system of the country to its advantage".

24. What is meant by NBP?

Ans. National Bank of Pakistan.

25. Where is Headquarters of NBP?

Ans.  Karachi.

26. Head of NBP?

Ans. Chairman.

27. Name of NBP chairman?

Ans. M. Zubyr Soomro.

28. When did NBP establish?

Ans. Established in 1949.

29. What is the purpose of NBP?

Ans. Providing credit to the unbanked market segment under NBP Karobar, to small and medium enterprises, to agricultural loans, to large corporate customers. It has taken various measures to facilitate overseas Pakistanis to send their remittances.

30. World top bank in terms of assets?

Ans.  Industrial and commercial bank of China.

31. World top bank in terms of market capitalization?

Ans.  JPMorgan Chase and Co. America.