Official Answer Key & Detailed Solution
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Correct Answer: Option (B) — Reserve Bank of India
Concept & Option Breakdown
Standard Reference VerifiedThe National Housing Bank (NHB) was established on July 9, 1988, under the National Housing Bank Act, 1987, as an apex institution for housing finance and was originally set up as a wholly owned subsidiary of the Reserve Bank of India (RBI).
(Note: In 2019, following the Narasimham-II Committee recommendations on segregating regulatory and commercial ownership roles, the Government of India acquired 100% equity stake in NHB from the RBI).
Historically, major apex financial institutions like NHB and NABARD were originally set up as subsidiaries of the RBI before government divestment.
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