The Real Estate & Construction Sector GK MCQs With Answer & Explanation in English article offers a comprehensive set of multiple-choice questions focused on key concepts and facts within the real estate and construction industries.
Whether you’re preparing for exams, enhancing your general knowledge, or brushing up on sector-specific insights, this article provides valuable questions and clear explanations.
Discover the essential aspects of real estate and construction, from market trends to foundational principles, all designed to help deepen your understanding and improve your mastery of this dynamic field.
1. What is the contribution of Housing to Indian GDP?
- 11%
- 23%
- 14%
- 13%
Show Answer
Answer: 11%
The housing sector contributes around 11 percent to India’s GDP by 2020.
2. What is the total initial corpus of the Affordable housing fund created with NHB?
- 3000 crores
- 10000 crores
- 8000 crores
- None of the above
Show Answer
Answer: 10000 crores
The government of India has created an Affordable Housing Fund (AHF) in the National Housing Bank (NHB) with an initial corpus of Rs 10,000 crore (US$ 1.43 billion) using the priority sector lending shortfall of banks/financial institutions for micro-financing of the HFCs.
3. What is the full form of REIT?
- Real Estate Increment Trust
- Real Estate Investment Trust
- Real Estates Information Trust
- Real Ending Investment Trust
Show Answer
Answer: Real Estate Investment Trust
REIT stands for Real Estate Investment Trust. A real estate investment trust (REIT) is a company that owns, operates, or finances income-generating real estate. It is modelled after mutual funds, and REITs pool the capital of numerous investors.
4. Which organisation releases RESIDEX India Index?
- NITI Aayog
- National Housing Bank
- Ministry of Housing and Urban Poverty alleviation
- None of the above
Show Answer
Answer: National Housing Bank
The Residex India index is released by the National Housing Bank. It is a set of benchmarks that aims to track housing price indicators across Indian cities.
5. When was National Housing Bank set up?
- 1988
- 1989
- 1987
- 1991
Show Answer
Answer: 1988
The National Housing Bank was set up in 1988 under the National Housing Bank Act, 1987. It is a wholly-owned subsidiary of the Reserve Bank of India (RBI).
6. What is the main theme of PM Awas Yojana?
- Housing for All by 2025
- Housing to Poor by 2020
- Housing the Indians by 2023
- Housing to All by 2022
Show Answer
Answer: Housing to All by 2022
Pradhan Mantri Awas Yojana is being implemented by the Ministry of Housing and Urban Affairs under the mission ‘Housing for All by 2022’ since June 2015.
7. What is the interest subsidy provided on housing loans under PM Awas Yojana?
- 6.5%
- 4.5%
- 3.5%
- 5%
Show Answer
Answer: 6.5%
The government of India is providing an interest subsidy of 6.5% on housing loans, which can be availed by beneficiaries under PM Awas Yojana – Urban for 15 years from the start of the loan date.
8. When was AMRUT mission launched?
- 2016
- 2014
- 2017
- 2015
Show Answer
Answer: 2015
Atal Mission for Rejuvenation and Urban Transformation (AMRUT) was launched by Prime Minister of India Narendra Modi in June 2015. It focuses on establishing infrastructure that ensures adequate robust sewage networks and water supply for urban transformation by implementing urban revival projects.
9. When was the Real Estate (Regulation and Development) Act (RERA) passed?
- 2015
- 2016
- 2017
- 2019
Show Answer
Answer: 2016
The Real Estate (Regulation and Development) Act, 2016 seeks to protect home-buyers as well as help boost investments in the real estate industry. The act establishes a Real Estate Regulatory Authority (RERA) in each state for regulation of the real estate sector and also acts as an adjudicating body for speedy dispute resolution. The act came into force on 1 May 2016.
10. Who establishes the Real Estate Regulating authority?
- Central Government
- State Government
- NITI Aayog
- None of the above
Show Answer
Answer: State Government
Real Estate Regulatory Authority (RERA) is established by State governments. It registers and maintains a database of real estate projects and protects the interests of promoters, buyers, and real estate agents.
Latest Web Stories
Leave a Reply