BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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01st July 1956
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02nd October 1976
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01st January 1934
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09th July 1988
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Detailed explanation-1: -The National Housing Bank (NHB) was established on July 9, 1988 under an Act of the Parliament viz. the National Housing Bank Act, 1987. National Housing Bank is a public authority as defined in the Right to Information Act, 2005.
Detailed explanation-2: -National Housing Bank is a statutory organization set up on July 9, 1988 under the National Housing Bank Act, 1987. NHB is wholly owned by Reserve Bank of India, which contributed the entire paid-up capital. 3. Does NHB deal directly with public?
Detailed explanation-3: -The National Housing Policy, 1988 envisaged the setting up of NHB as the Apex level institution for housing. In pursuance of the above, NHB was set up on July 9, 1988 under the National Housing Bank Act, 1987.
Detailed explanation-4: -Section 3. Establishment and incorporation of National Housing Bank.
Detailed explanation-5: -National Housing Bank (NHB) was set up by an Act of Parliament in 1987. NHB is an apex financial institution for housing.