Which trading corporation of India promoted securities jointly with the public sector banks?
A
RBI
B
SBI
C
UTI
D
LIC
Correct Option:
C
Explanation
The Unit Trust of India (UTI) was established by an Act of Parliament in 1963 to encourage savings and offer middle- and low-income investors a stake in India's corporate sector through mutual funds and securities, co-promoted with major public sector banks and the RBI.
