2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Prasant Kumar
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Sarada Kumar Hota
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Pankaj Jain
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Kamalkishore C. Jani
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Detailed explanation-1: -Shri Sarada Kumar Hota has been appointed as the Managing Director of National Housing Bank (NHB) w.e.f. June 27, 2019.
Detailed explanation-2: -National Housing Bank (NHB) was set up by an Act of Parliament in 1987. NHB is an apex financial institution for housing.
Detailed explanation-3: -The Committee of Secretaries considered’ the recommendation and set up the High Level Group under the Chairmanship of Dr. C. Rangarajan, the then Deputy Governor, RBI to examine the proposal and recommended the setting up of National Housing Bank as an autonomous housing finance institution.
Detailed explanation-4: -When delivering the Union Budget for 1987–88 on February 28, 1987, the Hon. The Prime Minister of India made the decision to create the National Housing Bank (NHB) as an apex-level agency for housing financing.