Vidyalelo
Commerce · Q53

Banking and Financial Institutions

Graduate and Post Graduate · Commerce · question 53

Q53

Which one of the following is not the objective of UTI?

A.
To mobilise savings of the community by offering savers the triple benefits of safety, liquidity and profitability of investments
B.
To channelise the pooled savings into productive outlets
C.
To provide finance under hire purchase finance and housing finance to its members
Answer
D.
To give everyone a chance to indirectly own shares and securities in a large number of select companies

Answer: Option C

Solution

Answer: Option C
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