Multiple choice

Which one of the following is the main objective of Unit Trust of India?

  1. To mobilize the savings of high income groups.

  2. To mobilize the savings of low and high income groups.

  3. To mobilize the savings of corporates.

  4. To mobilize the savings of low and middle income groups.
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Unit Trust of India (UTI) was established in 1964 to mobilize savings from small and middle-income investors who lacked access to investment opportunities. This democratic approach to investing allowed ordinary citizens to participate in India's financial markets. Options A and C are incorrect because UTI specifically targeted retail investors, not high-income groups or corporates. Option B is too broad - while UTI served various groups, its primary mission was lower and middle-income mobilization.

Keep practicing — related questions