BANKING GENERAL KNOWLEDGE
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
to promote and develop specialised housing finance institutions for mobilisation of resources and extending finance for housing activities
|
|
|
to extend refinance facilities to housing finance institutions and to scheduled banks
|
|
|
to provide guarantee and underwriting facilities of housing finance institutions
|
|
|
All of the above
|
Detailed explanation-1: -Create a network of housing finance agencies and keep a check on their activities. Management of required resources for the network and investing them in the housing sector. Promotion of affordable housing credit. Gather more and more public institutions that can work as suppliers for serviced land.
Detailed explanation-2: -NHB has been established to achieve, inter alia, the following. To promote a sound, healthy, viable and cost effective housing finance system to cater to all segments of the population and to integrate the housing finance system with the overall financial system.
Detailed explanation-3: -The main purpose of a housing finance is to empower you to own your dream home. A home provides a long-term security and moreover a real estate property, usually, appreciates often than the other way around. A real estate is an investment that will give you good returns in the coming future.
Detailed explanation-4: -National Housing Bank (NHB), is the apex regulatory body for overall regulation and licensing of housing finance companies in India. It is under the jurisdiction of Ministry of Finance, Government of India. It was set up on 9 July 1988 under the National Housing Bank Act, 1987.
Detailed explanation-5: -The National Housing Bank (NHB) is the agency that is involved in the promotion of housing finance institutions at both the regional and local levels. The secondary function of the NHB is to provide financial and other assistance to such institutions.