Which among the following is NOT a correct statement?

Correct option is C

· The RBI did not work as the Central Bank of Bangladesh between 1972 and 1975.
· After Bangladesh gained independence in 1971, the country established the Bangladesh Bank on December 16, 1971, as its own central bank.
· RBI had no role in Bangladesh’s central banking operations during that period.
Information Booster
· RBI as the Central Bank of Burma (Myanmar):
· RBI acted as Burma’s central bank until April 1947 when Burma established its own central bank.
· RBI as the Central Bank of Pakistan:
· After India’s partition in 1947, RBI managed Pakistan’s monetary affairs until June 30, 1948.
· Pakistan then established the State Bank of Pakistan (SBP) on July 1, 1948.
Additional Knowledge
· RBI's Establishment:
· Founded under the Reserve Bank of India Act, 1934.
· Operations began on April 1, 1935.
· Initially privately owned, nationalized in 1949.