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    Question

    Consider the following statements about National Housing

    Bank (NHB): ย ย ย ย ย ย ย  I.ย ย ย ย ย ย ย ย ย ย ย  It was set up by an Act of Parliament in 1987. ย ย ย ย ย  II.ย ย ย ย ย ย ย ย ย ย ย  NHB is an apex financial institution for Urban housing only. ย ย ย  III.ย ย ย ย ย ย ย ย ย ย ย  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) ยทย ย ย ย ย ย ย ย  It was set up by an Act of Parliament in 1987. ยทย ย ย ย ย ย ย ย  NHB is an apex financial institution for housing. ยทย ย ย ย ย ย ย ย  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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