GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Index ‘Residex’ is associated with
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Share Prices
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Mutual Fund Prices
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Price Inflation Index
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Land Prices
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Explanation:
Detailed explanation-1: -"Residex Index” is associated with Housing Prices. It was launched in 2007 by the National Housing Bank (NHB). Its purpose is to provide an index of residential prices in India across cities and over time.
Detailed explanation-2: -Based on the results of the study and recommendations of the TAG, NHB launched RESIDEX for tracking prices of residential properties in India, in July 2007 by Shri P. Chidambram (then Hon’ble Finance Minister).
Detailed explanation-3: -It was launched in July, 2007 and updated periodically till March 2015, taking 2007 as the base year.
There is 1 question to complete.