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ICAI stands for

Indian Civil Accounts Institute

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Institute of Chartered Accountants of India

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Institute of Certified Accountant of India

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Institute of Chartered Advisory of India

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Solution

The correct option is B Institute of Chartered Accountants of India
ICAI stands for Institute of Chartered Accountants of India. It is a statutory body established by an Act of Parliament.
ICAI is the second largest professional Accounting & Finance body in the world in terms of membership and number of students.
It was established on 1 July 1949.

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