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On which date was the Institute of Chartered Accountants of India established?

A1 July 1947
B15 August 1949
C26 January 1950
D1 July 1949
Answer & Solution
Correct answer: D. 1 July 1949
The institute came into being on 1 July 1949, the day the Chartered Accountants Act took effect, and that date is observed as Chartered Accountants Day.
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