Explanation:

- Option 1: 1 April to 31 March

- Commonly used fiscal year for several countries, including India and Japan.

- Begins in April and ends the next year in March.

- Option 2: 1 January to 31 December

- Follows the calendar year.

- Used by countries like the United States for their federal and many state governments.

- Option 3: 1 March to 28 February

- Rarely used as a fiscal year period.

- Not commonly recognized.

- Option 4: None of these

- Suggests a different range not listed.

Option 1 is the answer frequently adopted in countries like India. .