BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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AIFI
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NHB
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DFI
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SIDBI
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Detailed explanation-1: -National Housing Bank (NHB) was set up by an Act of Parliament in 1987. NHB is an apex financial institution for housing.
Detailed explanation-2: -NHB is the apex financial institution for housing. NHB has been established with an objective to operate as a principal agency to promote housing finance institutions both at local and regional levels and to provide financial and other support incidental to such institutions and for matters connected therewith.
Detailed explanation-3: -What is the role of NHB? NHB regulates the housing finance system of the country, extends refinance to different primary lenders and lends directly in respect of projects undertaken by public housing agencies for housing construction and development of housing related infrastructure.
Detailed explanation-4: -Reserve Bank of India is known as the apex bank of India.
Detailed explanation-5: -In pursuance of the above, NHB was set up on July 9, 1988 under the National Housing Bank Act, 1987.