Multiple choice

UTI was set up by

  1. SEBI

  2. AMFI

  3. a special Act

  4. RBI
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

UTI (Unit Trust of India) was established by a special Act of Parliament - the UTI Act, 1963. It was not created by SEBI, AMFI, or RBI, though it operates under SEBI's regulatory framework currently. The special Act gave UTI its unique statutory status.

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