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Commerce · Q141

Banking and Financial Institutions

Graduate and Post Graduate · Commerce · question 141

Q141

Consider the following statements. 1. UTI is established by an Act of Parliament in 1964. So, UTI does not come under the SEBI regulations for mutual funds. 2. Mutual fund organisations can invest their mobilised funds abroad. Which of the statement(s) given above is/are correct?

A.
Only 1
B.
Only 2
C.
Both 1 and 2
D.
Neither 1 nor 2
Answer

Answer: Option D

Solution

Answer: Option D
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