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 __________ in Pakistan is responsible for the formulation of monetary policy.  

A. (A) Ministry of Finance
B. (B) State Bank of Pakistan
C. (C) SECP
D. (D) None of these
Correct Answer: B. (B) State Bank of Pakistan

The State Bank of Pakistan is the central bank, solely responsible for monetary policy formulation. The Ministry of Finance handles fiscal policy, while SECP regulates the corporate sector, not monetary policy.

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