Question

Consider the following statements:
$1$. National Housing Bank (NHB) was established by the RBI in $1980$.
$2.$ NHB is directly financing the schemes of housing for women in India.
Which of the statements given above is/are correct?

• A. Only $1$
• B. Only $2$
• C. Both $1$ and $2$
• D. Neither $1$ nor $2$

Answer 1

The correct option is D Neither $1$ nor $2$

National Housing Bank, a wholly-owned subsidiary of Reserve Bank of India, was set up on 9 July 1988 under the National Housing Bank Act, 1987. NHB is an apex financial institution for housing. NHB has refinance schemes for women and not direct finance schemes.