BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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January to December
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May to June
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April to March
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January to April
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Detailed explanation-1: -Detailed Solution. The correct answer is April 1. In India, this 1 year period starts from 1st April and ends on 31st March.
Detailed explanation-2: -The Indian Financial Year In India, the fiscal year starts on April 1 and ends on March 31. AY 2023-24 will be the review year for FY 2022-23. In certain circumstances, the financial year may vary from the previous year.
Detailed explanation-3: -The fiscal year for the RBI, however, begins on July 1 in the first year and ends on June 30 in the next year.
Detailed explanation-4: -A Financial Year (FY) is the period between 1 April and 31 March – the accounting year in which you earn an income.
Detailed explanation-5: -Statement I: A budget is the financial statement showing the expected income and expenditure of the government during a financial year. Statement II: In India, the financial year starts on 1 March and ends on 31 April. Q. The financial year or fiscal year in India is .