B Com Exam > B Com Questions > What is the main purpose of Housing Finance?a...
Start Learning for Free
What is the main purpose of Housing Finance?
- a)To provide grants and loans for removing slums and creating housing colonies.
- b)To create employment and boost industries such as cement, brick manufacturing, and electrical fittings.
- c)To develop rural areas and prevent migration of labor to urban areas.
- d)To encourage the construction of more houses and improve infrastructure facilities.
Correct answer is option 'D'. Can you explain this answer?
| FREE This question is part of | Download PDF Attempt this Test |
Most Upvoted Answer
What is the main purpose of Housing Finance?a)To provide grants and lo...
Main Purpose of Housing Finance:
The main purpose of Housing Finance is to encourage the construction of more houses and improve infrastructure facilities. This is achieved through various means such as providing financial assistance to individuals and developers, offering home loans with attractive interest rates, and promoting affordable housing projects.
Key Points:
- Facilitating Homeownership: Housing Finance plays a crucial role in enabling individuals to fulfill their dream of owning a home by providing them with the necessary funds through loans and mortgages.
- Promoting Real Estate Development: By offering financial support to developers, Housing Finance helps in the construction of new residential projects, which in turn leads to the growth of the real estate sector.
- Improving Infrastructure: Housing Finance not only focuses on building houses but also on enhancing infrastructure facilities such as roads, water supply, and sanitation in residential areas to make them more livable.
- Boosting Economic Growth: The construction and real estate sectors are significant contributors to the economy, and Housing Finance plays a vital role in generating employment opportunities and stimulating economic growth.
- Addressing Housing Shortage: In many countries, there is a shortage of affordable housing, and Housing Finance aims to bridge this gap by providing financial assistance for the construction of low-cost housing units.
By promoting the construction of more houses, improving infrastructure facilities, and facilitating homeownership, Housing Finance contributes to the overall development of the housing sector and the economy as a whole.
The main purpose of Housing Finance is to encourage the construction of more houses and improve infrastructure facilities. This is achieved through various means such as providing financial assistance to individuals and developers, offering home loans with attractive interest rates, and promoting affordable housing projects.
Key Points:
- Facilitating Homeownership: Housing Finance plays a crucial role in enabling individuals to fulfill their dream of owning a home by providing them with the necessary funds through loans and mortgages.
- Promoting Real Estate Development: By offering financial support to developers, Housing Finance helps in the construction of new residential projects, which in turn leads to the growth of the real estate sector.
- Improving Infrastructure: Housing Finance not only focuses on building houses but also on enhancing infrastructure facilities such as roads, water supply, and sanitation in residential areas to make them more livable.
- Boosting Economic Growth: The construction and real estate sectors are significant contributors to the economy, and Housing Finance plays a vital role in generating employment opportunities and stimulating economic growth.
- Addressing Housing Shortage: In many countries, there is a shortage of affordable housing, and Housing Finance aims to bridge this gap by providing financial assistance for the construction of low-cost housing units.
By promoting the construction of more houses, improving infrastructure facilities, and facilitating homeownership, Housing Finance contributes to the overall development of the housing sector and the economy as a whole.
Free Test
FREE
| Start Free Test |
Community Answer
What is the main purpose of Housing Finance?a)To provide grants and lo...
The main purpose of Housing Finance is to encourage the construction of more houses and improve infrastructure facilities. It helps in creating employment, boosting industries, developing rural areas, and reducing congestion in urban areas.
|
Explore Courses for B Com exam
|
|
What is the main purpose of Housing Finance?a)To provide grants and loans for removing slums and creating housing colonies.b)To create employment and boost industries such as cement, brick manufacturing, and electrical fittings.c)To develop rural areas and prevent migration of labor to urban areas.d)To encourage the construction of more houses and improve infrastructure facilities.Correct answer is option 'D'. Can you explain this answer?
Question Description
What is the main purpose of Housing Finance?a)To provide grants and loans for removing slums and creating housing colonies.b)To create employment and boost industries such as cement, brick manufacturing, and electrical fittings.c)To develop rural areas and prevent migration of labor to urban areas.d)To encourage the construction of more houses and improve infrastructure facilities.Correct answer is option 'D'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What is the main purpose of Housing Finance?a)To provide grants and loans for removing slums and creating housing colonies.b)To create employment and boost industries such as cement, brick manufacturing, and electrical fittings.c)To develop rural areas and prevent migration of labor to urban areas.d)To encourage the construction of more houses and improve infrastructure facilities.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the main purpose of Housing Finance?a)To provide grants and loans for removing slums and creating housing colonies.b)To create employment and boost industries such as cement, brick manufacturing, and electrical fittings.c)To develop rural areas and prevent migration of labor to urban areas.d)To encourage the construction of more houses and improve infrastructure facilities.Correct answer is option 'D'. Can you explain this answer?.
What is the main purpose of Housing Finance?a)To provide grants and loans for removing slums and creating housing colonies.b)To create employment and boost industries such as cement, brick manufacturing, and electrical fittings.c)To develop rural areas and prevent migration of labor to urban areas.d)To encourage the construction of more houses and improve infrastructure facilities.Correct answer is option 'D'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What is the main purpose of Housing Finance?a)To provide grants and loans for removing slums and creating housing colonies.b)To create employment and boost industries such as cement, brick manufacturing, and electrical fittings.c)To develop rural areas and prevent migration of labor to urban areas.d)To encourage the construction of more houses and improve infrastructure facilities.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the main purpose of Housing Finance?a)To provide grants and loans for removing slums and creating housing colonies.b)To create employment and boost industries such as cement, brick manufacturing, and electrical fittings.c)To develop rural areas and prevent migration of labor to urban areas.d)To encourage the construction of more houses and improve infrastructure facilities.Correct answer is option 'D'. Can you explain this answer?.
Solutions for What is the main purpose of Housing Finance?a)To provide grants and loans for removing slums and creating housing colonies.b)To create employment and boost industries such as cement, brick manufacturing, and electrical fittings.c)To develop rural areas and prevent migration of labor to urban areas.d)To encourage the construction of more houses and improve infrastructure facilities.Correct answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for B Com.
Download more important topics, notes, lectures and mock test series for B Com Exam by signing up for free.
Here you can find the meaning of What is the main purpose of Housing Finance?a)To provide grants and loans for removing slums and creating housing colonies.b)To create employment and boost industries such as cement, brick manufacturing, and electrical fittings.c)To develop rural areas and prevent migration of labor to urban areas.d)To encourage the construction of more houses and improve infrastructure facilities.Correct answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
What is the main purpose of Housing Finance?a)To provide grants and loans for removing slums and creating housing colonies.b)To create employment and boost industries such as cement, brick manufacturing, and electrical fittings.c)To develop rural areas and prevent migration of labor to urban areas.d)To encourage the construction of more houses and improve infrastructure facilities.Correct answer is option 'D'. Can you explain this answer?, a detailed solution for What is the main purpose of Housing Finance?a)To provide grants and loans for removing slums and creating housing colonies.b)To create employment and boost industries such as cement, brick manufacturing, and electrical fittings.c)To develop rural areas and prevent migration of labor to urban areas.d)To encourage the construction of more houses and improve infrastructure facilities.Correct answer is option 'D'. Can you explain this answer? has been provided alongside types of What is the main purpose of Housing Finance?a)To provide grants and loans for removing slums and creating housing colonies.b)To create employment and boost industries such as cement, brick manufacturing, and electrical fittings.c)To develop rural areas and prevent migration of labor to urban areas.d)To encourage the construction of more houses and improve infrastructure facilities.Correct answer is option 'D'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice What is the main purpose of Housing Finance?a)To provide grants and loans for removing slums and creating housing colonies.b)To create employment and boost industries such as cement, brick manufacturing, and electrical fittings.c)To develop rural areas and prevent migration of labor to urban areas.d)To encourage the construction of more houses and improve infrastructure facilities.Correct answer is option 'D'. Can you explain this answer? tests, examples and also practice B Com tests.
|
|
Explore Courses for B Com exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup