Multiple choice

Which of the following institutions is not an affiliate of the Reserve Bank of India?

  1. Deposit Insurance Corporation

  2. IDBI

  3. Unit Trust of India

  4. None of these
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Unit Trust of India (UTI) was established in 1964 under the Unit Trust of India Act and was not directly affiliated with the Reserve Bank of India. The Deposit Insurance Corporation and Credit Guarantee Corporation (DICGC) are RBI subsidiaries, while IDBI was initially under RBI before becoming autonomous.

Keep practicing — related questions