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Which of the following statements is/are correct regarding National Housing Bank?
  1. It provides refinance to scheduled commercial banks.
  2. It provides Guarantee and Under-writing services to Housing Finance institutions.
  3. It is not authorised to audit account books of Housing Finance institutions and scheduled commercial banks.
  • a)
    1 only
  • b)
    1 and 2
  • c)
    2 and 3
  • d)
    1, 2 and 3
  • e)
    None of these
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Which of the following statements is/are correct regarding National Ho...
Only the first and the second statements are correct. If the National Housing Bank is of the opinion that it is necessary to do it in the public interest or in the interest of the housing finance institution or in the interest of the depositors of such institution, it may at any time by order, direct that a special audit of the accounts of the housing finance institution in relation to any such transaction or class of transactions or for such period or periods, as may be specified in the order, shall be conducted and the National Housing Bank may appoint an auditor or auditors to conduct such special audit and direct the auditor or the auditors to submit the report to it.
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Which of the following statements is/are correct regarding National Housing Bank? It provides refinance to scheduled commercial banks. It provides Guarantee and Under-writing services to Housing Finance institutions. It is not authorised to audit account books of Housing Finance institutions and scheduled commercial banks.a)1 onlyb)1 and 2c)2 and 3d)1, 2 and 3e)None of theseCorrect answer is option 'B'. Can you explain this answer?
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Which of the following statements is/are correct regarding National Housing Bank? It provides refinance to scheduled commercial banks. It provides Guarantee and Under-writing services to Housing Finance institutions. It is not authorised to audit account books of Housing Finance institutions and scheduled commercial banks.a)1 onlyb)1 and 2c)2 and 3d)1, 2 and 3e)None of theseCorrect answer is option 'B'. Can you explain this answer? for Banking Exams 2024 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about Which of the following statements is/are correct regarding National Housing Bank? It provides refinance to scheduled commercial banks. It provides Guarantee and Under-writing services to Housing Finance institutions. It is not authorised to audit account books of Housing Finance institutions and scheduled commercial banks.a)1 onlyb)1 and 2c)2 and 3d)1, 2 and 3e)None of theseCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Banking Exams 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following statements is/are correct regarding National Housing Bank? It provides refinance to scheduled commercial banks. It provides Guarantee and Under-writing services to Housing Finance institutions. It is not authorised to audit account books of Housing Finance institutions and scheduled commercial banks.a)1 onlyb)1 and 2c)2 and 3d)1, 2 and 3e)None of theseCorrect answer is option 'B'. Can you explain this answer?.
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