Who was appointed president of the Institute of Chartered Accountants of India ICAI in 2017?

Difficulty: Medium

Correct Answer: Nilesh Shivji Vikamsey

Explanation:


Introduction / Context:
The Institute of Chartered Accountants of India is the national professional accounting body responsible for regulating the chartered accountancy profession. Its president is elected for a fixed term and is frequently mentioned in business and economy related current affairs. This question asks about the person who held that position in the year 2017.


Given Data / Assumptions:

    - The year of interest is 2017. - The post is president of ICAI. - Four names are given, at least two of which are associated with ICAI leadership roles in different years.


Concept / Approach:
Nilesh Shivji Vikamsey served as president of the Institute of Chartered Accountants of India for the year 2017 to 2018. Naveen N D Gupta was the vice president at that time and later became president in the following term. Exam questions that ask specifically for the 2017 president therefore expect the name Nilesh Shivji Vikamsey as the correct answer.


Step-by-Step Solution:
Step 1: Identify that ICAI presidents typically serve one year terms, often noted as 2016 to 2017, 2017 to 2018 and so on. Step 2: Recall that around 2017, Nilesh Shivji Vikamsey was president and Naveen N D Gupta was vice president. Step 3: Remember that Naveen N D Gupta assumed the presidency in the next term, which can cause confusion if the years are not kept in order. Step 4: Compare the names in the options and mark Nilesh Shivji Vikamsey as the one that matches the 2017 presidency. Step 5: Verify that the other names are not recorded as ICAI presidents for that year.


Verification / Alternative check:
If you consult ICAI annual reports or trusted current affairs yearbooks for 2017, you will find references to Nilesh Shivji Vikamsey as president and Naveen N D Gupta as vice president. Later entries show Naveen N D Gupta becoming president in the subsequent period. This consistent documentation supports selecting Nilesh Shivji Vikamsey for the year 2017.


Why Other Options Are Wrong:
Naveen N D Gupta did become president, but his term followed Vikamsey and therefore does not match the year asked in the question. Rajesh Kakkar is not cited as president of ICAI in 2017 in standard professional or exam oriented references. Bhavraj Singh also does not appear in official lists as the ICAI president for that period.


Common Pitfalls:
The main confusion arises because both Vikamsey and Gupta have served as presidents in close succession. Students who remember only one of the names may select the wrong person if they do not connect the correct name with the correct year. A helpful revision strategy is to create a small timeline of ICAI presidents with years attached rather than trying to memorise names alone.


Final Answer:
The person appointed as ICAI president in 2017 was Nilesh Shivji Vikamsey.

Discussion & Comments

No comments yet. Be the first to comment!
Join Discussion