Explanation
The State Bank of Pakistan kept the interest rate unchanged at 5.75% for the year 2017-18. This answer is correct because the SBP’s monetary policy decisions are based on the country’s economic conditions, and in 2017-18, the economy was experiencing a period of moderate growth, which warranted a stable interest rate. The QuizMaster of AnsweringExams.Com suggests remembering this rate by associating it with the 5th month and 75th day of the year, May 75, which is not a real date, but helps to recall the 5.75% interest rate. Other options are incorrect because they do not align with the SBP’s actual monetary policy decisions for that year, which were aimed at maintaining economic stability. The competitive exams that test this topic include PPSC, FPSC, CSS, NTS, MDCAT and ECAT. Practice more at AnsweringExams.Com.
