Consider the following statements:
With an overall objective of bringing transparency in the Indian real estate market, the housing price index is expected to serve some highly important and timely purposes:
- Whether a broker is quoting too high a price for houses in the cities.
- Banks/housing finance bodies will be able to estimate only if the loan applications are realistic for the properties.
- This will also show the level of performing assets in the housing sector.
Which of the above statements are correct ?
[amp_mcq option1=”1 and 2 only” option2=”2 and 3 only” option3=”1 and 3 only” option4=”1, 2 and 3″ correct=”option1″]
This question was previously asked in
UPSC SO-Steno – 2018