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Commerce Short Question | Gkseries

Q.

Which one of the following is not the objective of UTI ?

[A] To mobilise savings of the community by offering savers the triple benefits of safety, liquidity and profitability of Investments.
[B] To channelise the pooled savings into productive outlets.
[C] To provide finance under hire purchase finance and housing finance to its members.
[D] To give every one a chance to indirectly own shares and securities in a large number of select companies.
Answer & Explanation

Answer: To provide finance under hire purchase finance and housing finance to its members.

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