Which period is the Reserve Bank of India’s accounting year at present?
Question and options
Which period is the Reserve Bank of India’s accounting year at present?
1 April to 31 March
1 January to 31 December
1 July to 30 June
1 October to 30 September
Answer and explanation
Correct answer: A - 1 April to 31 March
The Reserve Bank moved from a July–June accounting year to April–March, in line with the Government’s financial year; 2020-21 was a nine-month transition year from July 2020 to March 2021. July–June was the RBI’s earlier accounting year.