BANKING GENERAL KNOWLEDGE
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
National Housing Bank Act, 1985
|
|
|
National Housing Bank Act, 1986
|
|
|
National Housing Bank Act, 1987
|
|
|
None of the Above
|
Detailed explanation-1: -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-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: -Reserve fund.–(1) Every housing finance institution which is a company shall create a reserve fund and transfer therein a sum not less than twenty per cent. of its net profit every year as disclosed in the profit and loss account and before any dividend is declared.
Detailed explanation-4: -India Code: National Housing Bank Act, 1987.