Which of the following statements regarding the National Housing Bank (NHB) is/are correct?
- The NHB was set up as an apex institution for housing under the National Housing Policy, 1988.
- The regulation of Housing Finance Companies (HFCs) is under the National Housing Bank, while their supervision is under the Reserve Bank of India (RBI).
- NHB RESIDEX is the country's first official Housing Price Index (HPI) for tracking residential real estate price movements.
1
Only Statement 1 and 2
2
Only Statement 1 and 3
3
Only Statement 2 and 3
4
All the statements are correct
5
Only Statement 1