Which one of the following areas is related with the 'RESIDEX' indices formulated for the Services sector of the Indian economy?

Share prices in the stock exchanges

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Mutual fund prices in the Indian capital markets

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Speculative spot prices in commodities markets

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Land prices in the real estate sector

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Solution

The correct option is D Land prices in the real estate sector
RESIDEX is the first of its kind housing price index, pioneered by National Housing Bank (NHB) with support from Government of India and Ministry of Finance. It was launched in 2007 and provides a wide coverage of housing price movements across cities on a quarterly basis.

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