India Exam Junction
18. Which among the below mentioned option states the financial accounting time of the Reserve Bank of India?
April to March
January to December
Extending between September to August
July-June
Correct Answer :
July-June
Solution
The Reserve Bank of India (RBI) follows a financial accounting year from July to June. This time frame is different from the Indian government's financial year, which runs from April to March. The RBI's fiscal year was aligned in this way to facilitate better planning and coordination of its monetary policy and other financial operations.