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Housing Finance System Overview

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Questions and Answers

What is the purpose of a housing finance system?

To provide funds for home-buyers to purchase their homes (correct)

To develop arrangements for raising capital for housing

To monitor the performance and changes in the housing finance market

To supply loans for commercial property construction

What is the primary form in which finance for housing is provided?

Government grants for housing projects

Mortgage loans against the security of immoveable property (correct)

Investment in housing bonds

Personal loans without any security

What role does LIC of India play in the provision of mortgage loans?

Supplier of mortgage loans only to private housing finance companies

Minor supplier of mortgage loans to specific government employees

Major supplier of mortgage loans in indirect and direct forms (correct)

No involvement in the provision of mortgage loans

Which of the following is NOT a supplier of house mortgage loans in India?

Central bank Signup and view all the answers

In what form do governments mainly provide direct loans for housing?

Mainly to their employees Signup and view all the answers

Which institution was set up in July 1988 to act as the apex institution for coordinating and developing the housing finance schemes in India?

National Housing Bank (NHB) Signup and view all the answers

What was the most significant change in the retail housing finance sector in the 1990s in India?

Enhancement of the amount set aside by commercial banks for lending to the housing sector from 1.5% to 3% Signup and view all the answers

Which financial institution was allowed to issue large loans for housing without imposing rigid restrictions on interest rate or loan quantity ceiling in the 1980s in India?

RBI (Reserve Bank of India) Signup and view all the answers

What was the key development that had a positive effect on the housing finance sector in India in the 1980s?

Series of developments by UTI for direct investment in construction projects and real estate development Signup and view all the answers

What is the primary purpose of Housing Finance Institutions in India?

To fulfil the housing shortage in the country and support the development of over 300 other industries Signup and view all the answers