WBCS.LIVE practice question

Union Cabinet provided clearance for which bill on 9th December, 2015?

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. Real Estate (Regulation & Development) Bill
  2. Real Estate Development Bill
  3. Real Estate Regulation Bill
  4. None of the above

Correct answer and explanation

Correct answer: Real Estate (Regulation & Development) Bill

Explanation: āœ… Correct Answer: A. Real Estate (Regulation & Development) Bill šŸ“š Explanation: The Union Cabinet provided clearance for the 'Real Estate (Regulation and Development) Bill' in December 2015. This bill eventually became the RERA Act, which protects the interests of home-buyers. It aimed to bring transparency and accountability to the real estate sector by requiring projects to be registered with a regulatory authority. This was a major reform for the housing industry in India.