Multiple choice

The National Housing Bank recently launched the 'NHB RESIDEX' the index of housing prices. How this index will help Govt./civic authorities ? (Pick up statement which is not true)

  1. It will track the fluctuation in property markets
  2. Rationalization of stamp duty and other such taxes
  3. It will help banks in deciding the price of the property and to decide how much loan should be given for the same to the public

  1. Only 1

  2. Only 2

  3. Only 3

  4. Both 1 and 2

  5. All 1, 2 and 3
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

NHB RESIDEX is a housing price index that tracks property price movements across cities (Statement 1 is true - it tracks fluctuation). It helps banks assess property values for loan decisions (Statement 3 is true). However, the index itself does not rationalize stamp duty or taxes (Statement 2 is not true - tax rationalization is a policy decision, not a function of the index).

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