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The NHB (National Housing Bank) RESIDEX has been revamped to have larger scope and wider geographical coverage. In this context, which of the following indices are included in the NHB RESIDEX?
Housing price indices (HPI)
Land price indices (LPI)
Building materials price indices (BMPI)
Housing rental index (HRI)
Select the correct answer using the code given below.
- a)1 and 3 only
- b)2 and 4 only
- c)1 and 4 only
- d)1, 2, 3 and 4
Correct answer is option 'D'. Can you explain this answer?
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Most Upvoted Answer
The NHB (National Housing Bank) RESIDEX has been revamped to have lar...
- NHB RESIDEX, India‘s first official housing price index, was an initiative of the National Housing Bank (NHB) undertaken at the behest of the Ministry of Finance, Government of India.
- The index was formulated under the guidance of a Technical Advisory Committee (TAC) comprising of stakeholders from the housing market. It was launched in July 2007 and updated periodically till March 2015, taking 2007 as the base year.
- With a view to making the NHB RESIDEX more current and up-to-date with the prevailing macro- economic scenario, NHB undertook a review of the processes and methodology used for computation of the index along with the base year and segmentation used.
- Thereafter revamped NHB RESIDEX with larger scope and wider geographical coverage was published.
- This index is computed taking FY2012-13 as the base year and is updated up to March 2018.
- With effect from April 2018, a new series with FY2017-18 as the new base year has been published and is updated up to the current quarter. In order to maintain continuity in the time series data, NHB RESIDEX 2012-13 series subsequent to change in base year has been calculated using backward linking factor.
- The scope has been widened under NHB RESIDEX brand, to include housing price indices (HPI), land price indices (LPI) and building materials price indices (BMPI), and also housing rental index (HRI). Hence option (d) is the correct answer.
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The NHB (National Housing Bank) RESIDEX has been revamped to have lar...
The correct answer is option 'D' - 1, 2, 3 and 4.
Explanation:
The NHB RESIDEX (National Housing Bank Residential Index) has been revamped to have a larger scope and wider geographical coverage. It includes the following indices:
1. Housing Price Indices (HPI): The HPI measures the change in prices of residential properties over time. It provides an insight into the movement of housing prices in different cities or regions. This index is crucial for understanding the trends and dynamics of the real estate market.
2. Land Price Indices (LPI): The LPI measures the change in prices of land parcels over time. It helps in assessing the value of land in different areas. This index is particularly important for land developers, investors, and those involved in the real estate sector.
3. Building Materials Price Indices (BMPI): The BMPI measures the change in prices of various building materials used in the construction industry. It provides information on the cost of construction materials, which is essential for estimating the cost of building projects and analyzing the overall construction industry.
4. Housing Rental Index (HRI): The HRI measures the change in rental prices of residential properties over time. It helps in understanding the rental market dynamics and assists in making informed decisions related to rental properties.
The inclusion of these indices in the NHB RESIDEX provides a comprehensive view of the real estate market, encompassing not only housing prices but also land prices, building material prices, and rental prices. This information is valuable for policymakers, investors, researchers, and other stakeholders in the real estate sector to make informed decisions and understand the market trends in different cities or regions.
Explanation:
The NHB RESIDEX (National Housing Bank Residential Index) has been revamped to have a larger scope and wider geographical coverage. It includes the following indices:
1. Housing Price Indices (HPI): The HPI measures the change in prices of residential properties over time. It provides an insight into the movement of housing prices in different cities or regions. This index is crucial for understanding the trends and dynamics of the real estate market.
2. Land Price Indices (LPI): The LPI measures the change in prices of land parcels over time. It helps in assessing the value of land in different areas. This index is particularly important for land developers, investors, and those involved in the real estate sector.
3. Building Materials Price Indices (BMPI): The BMPI measures the change in prices of various building materials used in the construction industry. It provides information on the cost of construction materials, which is essential for estimating the cost of building projects and analyzing the overall construction industry.
4. Housing Rental Index (HRI): The HRI measures the change in rental prices of residential properties over time. It helps in understanding the rental market dynamics and assists in making informed decisions related to rental properties.
The inclusion of these indices in the NHB RESIDEX provides a comprehensive view of the real estate market, encompassing not only housing prices but also land prices, building material prices, and rental prices. This information is valuable for policymakers, investors, researchers, and other stakeholders in the real estate sector to make informed decisions and understand the market trends in different cities or regions.
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The NHB (National Housing Bank) RESIDEX has been revamped to have larger scope and wider geographical coverage. In this context, which of the following indices are included in the NHB RESIDEX? Housing price indices (HPI) Land price indices (LPI) Building materials price indices (BMPI) Housing rental index (HRI) Select the correct answer using the code given below.a)1 and 3 onlyb)2 and 4 onlyc)1 and 4 onlyd)1, 2, 3 and 4Correct answer is option 'D'. Can you explain this answer?
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The NHB (National Housing Bank) RESIDEX has been revamped to have larger scope and wider geographical coverage. In this context, which of the following indices are included in the NHB RESIDEX? Housing price indices (HPI) Land price indices (LPI) Building materials price indices (BMPI) Housing rental index (HRI) Select the correct answer using the code given below.a)1 and 3 onlyb)2 and 4 onlyc)1 and 4 onlyd)1, 2, 3 and 4Correct answer is option 'D'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about The NHB (National Housing Bank) RESIDEX has been revamped to have larger scope and wider geographical coverage. In this context, which of the following indices are included in the NHB RESIDEX? Housing price indices (HPI) Land price indices (LPI) Building materials price indices (BMPI) Housing rental index (HRI) Select the correct answer using the code given below.a)1 and 3 onlyb)2 and 4 onlyc)1 and 4 onlyd)1, 2, 3 and 4Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The NHB (National Housing Bank) RESIDEX has been revamped to have larger scope and wider geographical coverage. In this context, which of the following indices are included in the NHB RESIDEX? Housing price indices (HPI) Land price indices (LPI) Building materials price indices (BMPI) Housing rental index (HRI) Select the correct answer using the code given below.a)1 and 3 onlyb)2 and 4 onlyc)1 and 4 onlyd)1, 2, 3 and 4Correct answer is option 'D'. Can you explain this answer?.
The NHB (National Housing Bank) RESIDEX has been revamped to have larger scope and wider geographical coverage. In this context, which of the following indices are included in the NHB RESIDEX? Housing price indices (HPI) Land price indices (LPI) Building materials price indices (BMPI) Housing rental index (HRI) Select the correct answer using the code given below.a)1 and 3 onlyb)2 and 4 onlyc)1 and 4 onlyd)1, 2, 3 and 4Correct answer is option 'D'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about The NHB (National Housing Bank) RESIDEX has been revamped to have larger scope and wider geographical coverage. In this context, which of the following indices are included in the NHB RESIDEX? Housing price indices (HPI) Land price indices (LPI) Building materials price indices (BMPI) Housing rental index (HRI) Select the correct answer using the code given below.a)1 and 3 onlyb)2 and 4 onlyc)1 and 4 onlyd)1, 2, 3 and 4Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The NHB (National Housing Bank) RESIDEX has been revamped to have larger scope and wider geographical coverage. In this context, which of the following indices are included in the NHB RESIDEX? Housing price indices (HPI) Land price indices (LPI) Building materials price indices (BMPI) Housing rental index (HRI) Select the correct answer using the code given below.a)1 and 3 onlyb)2 and 4 onlyc)1 and 4 onlyd)1, 2, 3 and 4Correct answer is option 'D'. Can you explain this answer?.
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