10 Questions
What is the purpose of a housing finance system?
To provide funds for home-buyers to purchase their homes
What is the primary form in which finance for housing is provided?
Mortgage loans against the security of immoveable property
What role does LIC of India play in the provision of mortgage loans?
Major supplier of mortgage loans in indirect and direct forms
Which of the following is NOT a supplier of house mortgage loans in India?
Central bank
In what form do governments mainly provide direct loans for housing?
Mainly to their employees
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)
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%
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)
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
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
Learn about the purpose and functioning of housing finance systems, and the importance of providing funds for home-buyers. Explore the performance and changes in the housing finance market over time.
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