alleryStart learning →The financial year in India runs from:
AJanuary 1 to December 31
BMarch 1 to April 30
CJuly 1 to June 30
DApril 1 to March 31
Answer & Solution
Correct answer: D. April 1 to March 31
1. National income is measured for a particular period of time, normally one year.
2. For India that accounting year is the financial year rather than the calendar year.
3. The textbook's exercise set states that the financial year in India runs from April 1 to March 31.
4. The calendar year in option A is the basis used in several other countries, which is why it is the standard distractor.
_Source: TN HSC Class 12 Economics (Samacheer Kalvi, Govt of Tamil Nadu), Ch 2 "National Income", Part-A exercises_
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