GK
BANKING AWARENESS AND SEBI
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Which is the financial year of Reserve Bank of India?
|
|
January-December
|
|
|
April-March
|
|
|
July-June
|
|
|
October-September
|
Explanation:
Detailed explanation-1: -The fiscal year for the Government starts on April 1 in âTâ (first year) and ends on March 31 in âT+1â (second year). 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-2: -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 .
Detailed explanation-3: -In India, the 12 month financial year period starts from 1st April and ends on 31st March.
There is 1 question to complete.