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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which year National Housing Bank was set up?
A
1982
B
1988
C
1986
D
1990
Explanation: 

Detailed explanation-1: -National Housing Bank (NHB) was set up by an Act of Parliament in 1987.

Detailed explanation-2: -India Code: National Housing Bank Act, 1987.

Detailed explanation-3: -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-4: -Try out our Premium Member services–Free for one month. (1) This Act may be called the National Housing Bank Act, 1987. (2) It extends to the whole of India.

Detailed explanation-5: -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.

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