To mobilise savings of the community by offering savers the triple benefits of safety, liquidity and profitability of investments
To channelise the pooled savings into productive outlets
To provide finance under hire purchase finance and housing finance to its members
To give everyone a chance to indirectly own shares and securities in a large number of select companies
Answer is Wrong!
Answer is Right!
The correct answer is C.
UTI’s objectives are to mobilize savings of the community by offering savers the triple benefits of safety, liquidity and profitability of investments; to channelise the pooled savings into productive outlets; and to give everyone a chance to indirectly own shares and securities in a large number of select companies.
Option C is not an objective of UTI because it is not related to the mobilization of savings or the investment of those savings. Hire purchase finance and housing finance are forms of consumer credit, which are not within the scope of UTI’s activities.