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?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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