Multiple choice

The equity of Reserve Bank of India in the National Housing Bank is

  1. 49%

  2. 51%

  3. 71%

  4. 100%

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The Reserve Bank of India (RBI) holds 100% equity in the National Housing Bank (NHB). NHB was established in 1988 as a wholly-owned subsidiary of RBI to promote housing finance. The other percentages (49%, 51%, 71%) are incorrect as they suggest partial ownership.