question_answer

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 Reserve Bank of India.

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 statement given above is/are correct?

A) 1 only                          

B) 2 only

C) Both 1 and 2  

D) Neither 1 nor 2