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The National Housing Bank was set up in India as a wholly-owned subsidiary of which one of the following

The National Housing Bank was set up in India as a wholly-owned subsidiary of which one of the following?

(a)

State Bank of India

(b)

Reserve Bank of India

(c)

ICICI Bank

(d)

Life Insurance Corporation of India

Answer:

(b)

Explanation

The National Housing Bank is a wholly-owned subsidiary of the Reserve Bank of India.