Q. The National Housing Bank was set up in India as a wholly-owned subsidiary of which one of the following?
Answer: Reserve Bank of India
Notes: The National Housing Bank (NHB) was established on 9 July 1988 under the National Housing Bank Act, 1987, as a wholly-owned subsidiary of the Reserve Bank of India (RBI). The Act was aimed at addressing the shortage of long-term finance for housing. RBI provided the initial capital and oversight, confirming its role as the parent institution until ownership transferred in 2019. NHB promotes housing finance across India to support the housing sector's growth and development effectively.