ECONOMICS
MONETARY POLICY
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
1st July to 1st June
|
|
|
1st April to 30th March
|
|
|
1st July to 30th June
|
|
|
January 1 to December 31
|
Detailed explanation-1: -Detailed Solution. The current RBI’s accounting year runs from July to June while the government follows the April-March fiscal year.
Detailed explanation-2: -The central board of the RBI, in its meeting in New Delhi on Saturday, decided that the fiscal year 2021-22 for the central bank will begin from April 1.
Detailed explanation-3: -The Reserve Bank of India Act, 1934 (II of 1934) provides the statutory basis of the functioning of the Bank, which commenced operations on April 1, 1935.
Detailed explanation-4: -Monthly Publications Every month, the article titled “State of the Economy” tracks a host of indicators of various facets of the economy with a view to providing an assessment of the evolving trends in the Indian economy.