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GS Paper IUPSC Prelims 1998
Banking & Financial System
Question No. 210Interactive Test Mode
00:00
+2-0.66

Q210. The accounting year of the Reserve Bank of India is:

The accounting year of the Reserve Bank of India is:

Select the correct option below (or cross out options to eliminate)
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Official Answer Key & Detailed Solution

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Official UPSC Answer KeyUPSC Prelims 1998 • Indian Economy

Correct Answer: Option (B) — July-June

Concept & Option Breakdown

Standard Reference Verified

Historically, from 1940 until 2020, the accounting year of the Reserve Bank of India ran from July to June. (Note: In 2020, the RBI aligned its accounting year with the Government of India's financial year, shifting to April–March starting from the fiscal year 2021–22).

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Question Specifications & Syllabus Mapping

Examination & YearUPSC Civil Services Preliminary Examination 1998 (Q210)
Paper & Marking SchemeGS Paper I • 2 Marks (-0.66 Negative for incorrect response)
Syllabus Subject & TopicIndian Economy → Banking & Financial System
Official Answer KeyOption (B) — July-June

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Frequently Asked Questions — UPSC Prelims 1998 Q210

What is the official answer for UPSC Prelims 1998 GS Paper I Question 210 (Indian Economy)?

The official UPSC answer key for this 1998 Indian Economy (Banking & Financial System) question is Option (B): "July-June". Correct attempts carry 2 Marks with -0.66 Negative penalty for wrong answers.

Which UPSC Prelims syllabus topic does this 1998 question belong to?

This question belongs to GS Paper I under the subject "Indian Economy" and micro-topic "Banking & Financial System". You can explore all repeated questions from Banking & Financial System in Acme AI's 3D Prelims PYQ Realm or practice 50 full-length and sectional tests in the APT Prelims Test Series.

How can I solve this Banking & Financial System UPSC Prelims question using option elimination?

To solve Banking & Financial System questions in UPSC Prelims, identify extreme modifiers, verify core NCERT conceptual definitions, and eliminate mutually contradictory statement pairs before locking your final option.

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