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Indian economy miscellaneous

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Indian economy miscellaneous
  1. What is the accounting year of the Reserve Bank of India ?
    1. April-March
    2. July-June
    3. October-September
    4. January-December
Correct Option: B

The Reserve Bank’s accounting year is July to June.After its establishment on 1 April 1935, the RBI
changed its accounting year from January-December to July-June on 11 March 1940. Normally, RBI remains closed for public transactions every July 1 on account of its annual closing of accounts.


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