The first introduction of Mutual Funds in India occurred in which of the following years?

Q. The first introduction of Mutual Funds in India occurred in which of the following years?
Answer: 1963
Notes: The first introduction of a mutual fund in India occurred in 1963, when the Government of India launched Unit Trust of India (UTI).UTI enjoyed a monopoly in the Indian mutual fund market until 1987.

Question Source: 📚This question is part of Banking Awareness - 2025-26 course in GKToday's Android Application. The Course comprises 2400+MCQs on Banking & General Financial Awareness with explanation for All Banking Exams of 2025-26 such as IBPS Bank PO, IBPS Bank Clerical, RRB PO and Clerical, SBI PO and SBI Clerical, IBPS Recruitments, RBI Grade B and RBI Banking Examinations. Download the app here.

📌 Question Number: 6 in 82-Mutual Funds in the above course in App.