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Answer : 2. "The Reserve Bank served as the central bank of Pakistan up to April 1947."
Find the following statements Which is INCORRECT?
5Q:
Find the following statements Which is INCORRECT?
- 1The Reserve Bank of India commenced operations on 1 April 1935.false
- 2The Reserve Bank served as the central bank of Pakistan up to April 1947.true
- 3The Reserve Bank of India was set up on the basis of the recommendations of the Hilton Young Commission.false
- 4The Reserve Bank of India was nationalised in 1949.false
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Answer : 2. "The Reserve Bank served as the central bank of Pakistan up to April 1947."
Explanation :
The correct answer is The Reserve Bank served as the central bank of Pakistan up to April 1947. The Reserve Bank of India is the central bank of the country. It was established based on the recommendations of the "Hilton Young Commission".