Consider the following statements
1. The National Housing Bank, 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 was established as a wholly owned subsidiary of the Industrial Development Bank of India.
Which of the statements given above is/are correct?


A) Only 1

  B) Only 2

C) Both 1 and 2

  D) Neither 1 nor 2

Correct answer:
C) Both 1 and 2



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