Q447
Which one of the following statements is incorrect?
A.
The LIC and GIC are non-banking financial intermediaries in India
B.
LIC, UTI are non-banking financial institutions
C.
ICICI was promoted as a Private Sector Development Bank at the initiative of the World Bank in 1955
D.
Unit Trust of India is a mutual fund in private sector
AnswerAnswer: Option D
Solution
Answer: Option D
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