Question

Which of the following financial year is followed by the

Q: Answer-Which of the following financial year is followed by the Reserve Bank of India (RBI) ?

RBI, while preparing its accounts and Annual report takes lot of data about economy, banking and finance, which becomes available with some time lag for April-March. Therefore, RBI keeps its reporting year after a gap of one quarter i.e. July-June.

Reserve Bank of India (RBI) ?

A 1st April – 31st March

B 1st May – 30th April

C 1st July – 30th June

D 1st January – 31st December

E 1st September – 31st August

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Which of the following financial year is followed by the

Solution