Current context: The house price-to-income ratio has increased in the last 4 years, as per the RBI’s quarterly Residential Asset Price Monitoring Survey
a. Biannually
b. Annually
c. Quarterly
d. Half-yearly
Q.2 As per the RBI’s Residential Asset Price Monitoring Survey, the house price-to-income ratio in the last 4 years has____?
a. Decreased
b. Increased
c. Stagnant
d. Drastically decreased
- The survey shows that the house price-to-income ratio has increased from 56.1 in the 2015 March quarter to 61.5 in of 2019 March quarter
- The price-to-income ratio is used by the lenders as a measure of purchasing power for home buyers and the affordability of residential property
- A wide gap between home prices in the country and real income was found in the survey
- Also, home prices remained stagnant in major cities like Mumbai and Delhi-NCR, due to slower growth in residential demand in the last 4 years
- Bhubaneswar with a price-to-income ratio of 54.3 was found to be the most affordable city for home buying in the 2019 March quarter
Residential Asset Price Monitoring Survey (RAPMS)
- RBI has been conducting a quarterly RAPMS since July 2010
- The survey is conducted across 13 cities -Delhi, Bengaluru, Mumbai, Chennai, Hyderabad, Jaipur, Chandigarh, Kolkata, Pune, Bhopal, Ahmedabad, Lucknow, and Bhubaneswar
Question:
Q.1 The RBI’s Residential Asset Price Monitoring Survey is conducted ______?a. Biannually
b. Annually
c. Quarterly
d. Half-yearly
Q.2 As per the RBI’s Residential Asset Price Monitoring Survey, the house price-to-income ratio in the last 4 years has____?
a. Decreased
b. Increased
c. Stagnant
d. Drastically decreased
