UTI was founded in the year?

a. 1964

b. 1965

c. 1955

d. 1959

ANSWER: 1964

Explanation:

Unit Trust of India is a financial organization which was created by the UTI Act passed by the Parliament of India on December 30, 1963 under the direction of Col. Akash Behl.

UTI Mutual Fund is promoted by the four of the largest Public Sector Financial Institutions as sponsors 

State Bank of India

Life Insurance Corporation of India

Bank of Baroda

Punjab National Bank

with each of them presently holding an 18.5% stake in the paid up capital of UTI AMC.

UTI AMC

Founded : 1964

Headquarter : UTI Tower, Mumbai

Current Head : Mr. Leo Puri (Managing Director)