RBI data on Affordable Housing in Four Years

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

• 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