Which of the following statements is/are not correct regarding the Reserve Bank of India?
a. The Reserve Bank of India was established in accordance withthe provisions of Reserve Bank of India Act, 1949.
b. Sir James Taylor was the first Governor of RBI.
c. The Reserve Bank of India issues and exchanges or destroys currency notes and coins that are not fit for circulation. Select the correct answer using the codes given below:

A

Only a

B

Both a and b

C

Only c

D

Both b and c

E

None of these