Discussion
The accounting year of Central Bank (RBI) is:
Answer: B
Correct answer: April-March
The Reserve Bank's accounting year now runs from April to March, aligning it with the Government of India's financial year.
This is a recent change. For most of its history the RBI kept a July–June year, a legacy of its 1935 origins, and the transition to the April–March cycle was made with a nine-month accounting period in 2020–21. The alignment matters practically: the RBI's surplus is transferred to the Government, and matching the years lets that transfer fall in the same fiscal year as the Budget that counts on it.
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