New Click here to enroll in UIICL SO Finance and Investment Course

    Register

    Question

    Which statement is correct about “The House Price Index (HPI) “report?

    i. This report is published by the Reserve bank of India.

    ii. It is a quarterly based report.

    iii. It considers data from major ten cities i.e. are Ahmedabad, Bengaluru, Chennai, Delhi, Jaipur, Kanpur, Kochi, Kolkata, Lucknow, and Mumbai.

    A Only i and iii are true. Correct Answer Incorrect Answer
    B Only ii and iii are true. Correct Answer Incorrect Answer
    C Only i is true Correct Answer Incorrect Answer
    D Only ii is true Correct Answer Incorrect Answer
    E All are true Correct Answer Incorrect Answer

    Solution

    It is a quarterly report by the Reserve Bank of India (RBI) based on the all-India price movement from data collected from a few cities. The indices are based on official data of property price transactions obtained from the respective state governments' registration authorities.

    Practice Next

    Relevant for Exams: