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Questions and Answers
What is the minimum Net Owned fund required for a company to obtain a certificate of registration from the National Housing Bank?
What is the minimum Net Owned fund required for a company to obtain a certificate of registration from the National Housing Bank?
- Rs 15 crore
- Rs 10 crore (correct)
- Rs 5 crore
- Rs 20 crore
Under which legal framework does a Housing Finance Company operate?
Under which legal framework does a Housing Finance Company operate?
- RBI regulations
- Companies Act 2013
- Section 29A of National Housing Bank Act, 1987 (correct)
- National Housing Bank guidelines
What is the term for the property for which a loan is granted by a Housing Finance Company?
What is the term for the property for which a loan is granted by a Housing Finance Company?
- Securities for Loan (correct)
- Mortgaged Property
- Collateral Property
- Guaranteed Property
What is the primary regulatory authority for a Housing Finance Company in providing home loans and related products?
What is the primary regulatory authority for a Housing Finance Company in providing home loans and related products?
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What is the revised term for holding of immovable property to avail Government Incentive under Pradhan Mantri Awas Yojna?
What is the revised term for holding of immovable property to avail Government Incentive under Pradhan Mantri Awas Yojna?
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