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Discussion

The national housing bank was set up in India as a wholly owned subsidiary of which of the following:

  • A. ICICI Bank 
  • B.RBI and LIC Banks 
  • C.RBI
  • D.None of these

Answer: C

The national housing bank was set up in India as a wholly owned subsidiary by Reserve Bank of India (RBI). Reserve Bank is also known as bankers of bank. So in the given option (c) is correct about the given statement. The bank started its function from July, 1988.

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