Institution: Bangladesh Shilpa Bank Ltd Exam: Bangladesh Shilpa Bank Ltd - Officer - 2004
Topic: International General Knowledge, Subject: General knowledge(সাধারণ জ্ঞান)

Best Answer Explained in Below-:

The fiscal year in Bangladesh runs from July 1 to June 30. This timing aligns with the country's historical context and economic planning needs. Choosing a fiscal year that starts in July allows the government to plan its budget based on the annual agricultural cycle, which is crucial since agriculture plays a significant role in Bangladesh's economy.

By setting the fiscal year in the middle of the calendar year, the government can better incorporate harvest outcomes into its financial planning and resource allocation. The July-June fiscal year also enables the government to finalize and execute budgetary reforms in relation to the academic year, which runs from January to December. This timing helps educational institutions and associated government financial aid allocate resources more effectively.

In contrast, other fiscal year options, like April-March or January-December, do not align as optimally with these agricultural and educational cycles. Thus, the July-June fiscal year is a well-considered framework that supports effective governance and planning in Bangladesh's economy.