New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Consider the following statements about National Housing

    Bank (NHB):         I.            It was set up by an Act of Parliament in 1987.       II.            NHB is an apex financial institution for Urban housing only.     III.            NHB has been established with an objective to operate as a principal agency to promote housing finance institutions both at local and regional levels. Which of the statements given above is/are correct?
    A I and III both Correct Answer Incorrect Answer
    B I only Correct Answer Incorrect Answer
    C III only Correct Answer Incorrect Answer
    D II only Correct Answer Incorrect Answer
    E I, II and III Correct Answer Incorrect Answer

    Solution

    National Housing Bank (NHB) ·         It was set up by an Act of Parliament in 1987. ·         NHB is an apex financial institution for housing. ·         NHB has been established with an objective to operate as a principal agency to promote housing finance institutions both at local and regional levels and to provide financial and other support incidental to such institutions and for matters connected therewith.

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