Which among the following is NOT true about BASEL

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Which among the following is NOT true about BASEL?

A. Initially it was named as Committee of Banking Regulations and Supervisory Practices (CBRS)

B. BASEL was established by the Central Bank Governors of fifteen countries

C. It was established by the end of 1974

D. Disturbances in international currency and banking markets were responsible for its establishment

Answer: Option B

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