Which one of the following statements about the Treaty of Allahabad is NOT correct?

1
It was signed in the year 1765
2
The Mughal Emperor by a Farman formally granted the Diwani of Bengal, Bihar and Orissa to the East India Company 
3
Awadh was restored to its Nawab on payment of Rs. 50 Lakhs
4
Banaras and the surrounding tracts were detached from Awadh and handed over to Shah Alam II

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