Official Answer Key & Detailed Solution
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Correct Answer: Option (C) — Both 1 and 2
Concept & Option Breakdown
Standard Reference Verified- Statement 1 is correct: The National Housing Bank (NHB) was established in 1988 under the NHB Act, 1987, originally as a wholly owned subsidiary of the Reserve Bank of India.
- Statement 2 is correct: The Small Industries Development Bank of India (SIDBI) was established on April 2, 1990, under an Act of Parliament, originally incorporated as a wholly owned subsidiary of the Industrial Development Bank of India (IDBI).
Both apex sector-specific institutions were established as subsidiaries of their respective parent apex bodies (NHB under RBI; SIDBI under IDBI) before evolving their modern equity holding structures.
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