Complete the sentence about State Bank of Pakistan with the correct year: Before independence on 14 August ______, during the British colonial era, the Reserve Bank of India was the central bank for the then undivided British India.

Answer and explanation

Correct answer: D. 1947

Before independence on 14 August 1947, the Reserve Bank of India was the central bank for undivided British India. On 30 December 1948 a British government commission divided the Reserve Bank's reserves between India and Pakistan.

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