{"id":33619,"date":"2024-04-15T09:19:21","date_gmt":"2024-04-15T09:19:21","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=33619"},"modified":"2024-04-15T09:19:21","modified_gmt":"2024-04-15T09:19:21","slug":"the-unit-trust-of-india-uti-came-into-existence-in","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/the-unit-trust-of-india-uti-came-into-existence-in\/","title":{"rendered":"The Unit Trust of India (UTI) came into existence in"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;1960&#8243; option2=&#8221;1964&#8243; option3=&#8221;1968&#8243; option4=&#8221;1972&#8243; correct=&#8221;option1&#8243;]<!--more--><\/p>\n<p>The correct answer is: <strong>A. 1960<\/strong><\/p>\n<p>The Unit Trust of India (UTI) was set up in 1960 as a public sector undertaking by the Government of India. It was the first mutual fund in India and is still the largest mutual fund in the country. UTI was instrumental in popularizing mutual funds in India and has played a major role in the development of the Indian capital markets.<\/p>\n<p>The other options are incorrect because:<\/p>\n<ul>\n<li>Option B, 1964, is the year when the UTI launched its first scheme, the Unit Scheme 1964.<\/li>\n<li>Option C, 1968, is the year when the UTI launched its second scheme, the Unit Scheme 1968.<\/li>\n<li>Option D, 1972, is the year when the UTI launched its third scheme, the Unit Scheme 1972.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;1960&#8243; option2=&#8221;1964&#8243; option3=&#8221;1968&#8243; option4=&#8221;1972&#8243; correct=&#8221;option1&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[699],"tags":[],"class_list":["post-33619","post","type-post","status-publish","format-standard","hentry","category-banking-and-financial-institutions","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Unit Trust of India (UTI) came into existence in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/the-unit-trust-of-india-uti-came-into-existence-in\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Unit Trust of India (UTI) came into existence in\" \/>\n<meta property=\"og:description\" content=\"[amp_mcq option1=&#8221;1960&#8243; 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