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Commerce · Q723

Banking and Financial Institutions

Graduate and Post Graduate · Commerce · question 723

Q723

Which of the following statement/s is/are correct about Unit Trust of India (UTI)?

A.
UTI was established in 1963 by an Act of Parliament. It was set up by the RBI and functioned under its Regulatory and Administrative control unit
B.
The first scheme launched by UTI was Unit Scheme 1964
C.
In 1978, UTI was de-linked from the RBI and IDBI took over the regulatory and administrative control in place of RBI
D.
All of the above
Answer

Answer: Option D

Solution

Answer: Option D
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