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Financial Service Industry Quiz
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Financial Service Industry Quiz

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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?

  • Rs 15 crore
  • Rs 10 crore (correct)
  • Rs 5 crore
  • Rs 20 crore
  • 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?

  • 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?

    <p>National Housing Bank</p> Signup and view all the answers

    What is the revised term for holding of immovable property to avail Government Incentive under Pradhan Mantri Awas Yojna?

    <p>3 years</p> Signup and view all the answers

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