Real Estate and Construction Industry

General Knowledge Test with questions about different types of economies for exams like UPSC, SSC, UPPSC, Banking, RPSC, MPSC, KAS, MPPSC, and others.

1. Which organization publishes the RESIDEX India Index?

  1. National Housing Bank
  2. Reserve Bank of India
  3. Ministry of Housing and Urban Affairs
  4. Indian Statistical Institute
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Answer: Option A. National Housing Bank

2. What is the contribution of the Housing Sector to Indian GDP?

  1. 10%
  2. 5%
  3. 7%
  4. 13%
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Answer: Option D. 13%

3. When was the National Housing Bank established?

  1. 1992
  2. 1988
  3. 1985
  4. 1990
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Answer: Option B. 1988

4. What does REIT stand for?

  1. Real Estate Investment Trust
  2. Real Estate Income Tax
  3. Residential Equity Investment Trust
  4. Real Estate Insurance Trust
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Answer: Option A. Real Estate Investment Trust

5. What is the initial total amount of the Affordable Housing Fund established with the NHB?

  1. ₹5,000 crores
  2. ₹15,000 crores
  3. ₹10,000 crores
  4. ₹20,000 crores
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Answer: Option C. ₹10,000 crores