ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -What Is a Calendar Year? A calendar year is a one-year period that begins on January 1 and ends on December 31, based on the commonly-used Gregorian calendar.

Detailed explanation-2: -noun. 1. : a period of a year beginning and ending with the dates that are conventionally accepted as marking the beginning and end of a numbered year. : a period of time equal in length to that of the year in the calendar conventionally in use.

Detailed explanation-3: -calendar year | Business English a period of 365 or 366 days, starting on January 1st and ending on December 31st. In the US a particular calendar year can be referred to as ‘calendar 2011, 2012, etc.

Detailed explanation-4: -What is a calendar year? Also known as the civil year, the calendar year refers to a one-year period, beginning on Jan. 1 and ending on Dec. 31. Based on the Gregorian calendar, a calendar year lasts 365 days and 366 days during a leap year.

Detailed explanation-5: -Two calendar years means two consecutive periods of 365 days (or 366 if leap year) from the last day of classes for the semester for which the withdrawal is requested. [