The accounting year of the Reserve Bank of India is

The correct answer is B because historically the Reserve Bank of India followed a July to June accounting year. This cycle was originally chosen to align with the agricultural marketing season in India.

However, it is important to note a recent change. Following a recommendation from the Bimal Jalan Committee, the RBI decided to align its financial year with the Government of Indias fiscal year. Consequently, from the financial year 2021-2022 onwards, the RBI transitioned to an April to March accounting year.

In the context of traditional or older examination questions, July to June remains the standard historical answer, but for current affairs purposes, the cycle has now shifted to April to March.