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SSC CGL 2023 PYQ — Question 31

SSC CGL - 25 July 2023 - Shift 4 • General Awareness • Q31

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Which of the following is the correct duration of ‘Financial Year 2022-23’ in India?

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Correct answer: D

Explanation

The correct answer is option 4 i.e. 1 April 2022 to 31 March 2023.

  • In India, the Financial Year (FY) 2022-23 spans from April 1, 2022, to March 31, 2023. This period is crucial for accounting, financial reporting, and tax purposes.
  • It serves as the standard timeframe for businesses, individuals, and the government to prepare financial statements, file taxes, and conduct audits.
  • The financial year aligns with the Indian fiscal calendar, enabling consistent and systematic financial planning and analysis.
  • This timeframe ensures uniformity in financial reporting across various sectors and supports effective budgetary and economic planning within the country.