📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    Consider the following statements regarding the National

    Housing Bank: 1. It is a refinancing agency and provides financial and other supports to the housing finance institutions. 2. It also regulates the housing finance companies. 3. It is a fully government-owned agency. Which of the above statements is/are correct?
    A 1 only Correct Answer Incorrect Answer
    B 1 and 3 only Correct Answer Incorrect Answer
    C 3 only Correct Answer Incorrect Answer
    D 1 and 2 only Correct Answer Incorrect Answer
    E 2 only Correct Answer Incorrect Answer

    Solution

    Statement 1 is correct: The National Housing bank operates as a principal agency to promote housing fi nance institutions. Statement 2 is incorrect: The government has taken away the powers of the National Housing Bank to regulate housing fi nance companies and handed them to the Reserve Bank of India. Statement 3 is correct: It is a fully government-owned agency now since it is owned by RBI. National Housing bank operates as a principal agency to promote housing fi nance institutions both at local and regional levels and to provide financial and other support to such institutions.

    Practice Next
    More ESI Questions

    Relevant for Exams:

    ask-question