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The National Housing Bank was set up in ...

The National Housing Bank was set up in India as a wholly-owned subsidiary of which one of the following ?

A

ICICI Bank

B

State Bank of India

C

Reserve Bank of India

D

Life Insurance Corporation of India

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The correct Answer is:
C
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Consider the following statements : 1. The National Housing Bank (NHB), the apex institution of housing finance in India, was set up as a wholly-owned subsidiary of the Reserve Bank of India (RBI). 2. The small Industries Development Bank of India (SIDBI) was established as a wholly-owned subsidiary of the Industrial Development Bank of India (IDBI). Which of the statement given above is/are correct?

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