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UPSC 1998: The accounting year of the Reserve Bank of India is
(a)April – March
(b)July – June
(c)October – September
(d)January – December
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Not attemptedCorrect Answer: (b) July – June
Until it decided to align with the Union government’s fiscal year in 2020, the RBI’s financial accounting year had always run from 1 July to 30 June—hence, in 1998, the applicable accounting year was July–June. ([licchavilyceum.com](https://licchavilyceum.com/upsc-civil-services-prelims-1998-solved-question-paper/))
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Frequently Asked Questions
What is the correct answer to this UPSC 1998 Indian Economy question?▼
The correct answer is option (b): July – June. Watch the detailed video explanation in our Sherlocking Prelims course on UnlockIAS.
Which year was this Banking & Financial Sector question asked in UPSC Prelims?▼
This question was asked in UPSC CSE Prelims 1998, GS Paper 1, as Question 87. It falls under Indian Economy > Banking & Financial Sector.
What is the difficulty level of this UPSC question?▼
This question is rated "easy". It tests basic recall and most well-prepared aspirants should answer it correctly.
How many UPSC Prelims questions have been asked from Banking & Financial Sector?▼
UPSC has asked 48 questions from Banking & Financial Sector (under Indian Economy) across multiple years. Visit the topic page to see the full list and year-wise trends.