alleryStart learning →On what date did the Union Cabinet approve setting up NFRA?
A1 April 2015
B15 August 2017
C1 March 2018
D31 October 2018
Answer & Solution
Correct answer: C. 1 March 2018
The Union Cabinet approved the establishment proposal on 1 March 2018, ahead of formation in October 2018.
Keep practising Accounting Standards Setting in India
Browse all Accounting Standards Setting in India questions for CA Inter, or explore more Accounting topics.
Related questions
What happens to ICAI members who do not comply with its technical standards?Which body advises the European Commission in endorsing IFRS for EU use?Which committee monitors compliance with the IASB's due process?When does a Post-implementation Review of a new IASB Standard typically begin?A final IASB Standard must be accompanied by which document?After an Exposure Draft comment period, what must the IASB do?Since 2001, new standards issued by the IASB are labelled what?Which major jurisdiction applies US GAAP rather than IFRS Standards?