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Discussion

When did the National Housing Bank start its operations?

  • A.July, 1982
  • B.July, 1988
  • C.April, 1980
  • D.March, 1971

Answer: B

The National Housing Bank, the apex institution of housing finance in India, is a wholly-owned subsidiary of RBI. It started operating from July, 1988 with an authorised paid-up capital of RS. 450 crore.

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