Consider the following statements.

1. The National Housing Bank (NHB), the apex institution of housing finance in India, was set-up as a wholly owned subsidiary of the RBI.

2. The Small Industries Development Bank of India (SIDBI) was established as a wholly owned subsidiary of the IDBI

Which of the statement(s) given above is/are correct?

1
Only 1
2
Only 2
3
Both 1 and 2
4
More than one of the above
5
None of the above

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