Multiple choice

Directions: Choose the correct option for the given question.

UTI was set-up in

  1. 1964

  2. 1970

  3. 1975

  4. 1979

  5. 1995
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A Correct answer
Explanation

The Unit Trust of India (UTI) was established in 1964 as India's first mutual fund and financial institution. It played a pioneering role in developing the capital markets and savings culture in India. UTI was created under the UTI Act, 1963 and began operations in 1964.

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