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    Question

    Which of the following financial year is followed by the

    Reserve Bank of India (RBI) ?
    A 1st April – 31st March Correct Answer Incorrect Answer
    B 1st May – 30th April Correct Answer Incorrect Answer
    C 1st July – 30th June Correct Answer Incorrect Answer
    D 1st January – 31st December Correct Answer Incorrect Answer
    E 1st September – 31st August Correct Answer Incorrect Answer

    Solution

    RBI, while preparing its accounts and Annual report takes lot of data about economy, banking and finance, which becomes available with some time lag for April-March. Therefore, RBI keeps its reporting year after a gap of one quarter i.e. July-June. 

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