| With reference to the Indian Renewable Energy Development Agency Limited (IREDA), which of the following statement(s) is/are correct? |
| 1. It is a Public Limited Government Company. |
| 2. It is a Non-Banking Financial Company. |
| Select the correct answer using the codes given below. |
A) Only 1
B) Only 2
C) Both 1 and 2
D) Neither 1 nor 2
Correct Answer: C
Solution :
Exp. [c] The IREDA has been awarded 'Mini Ratna' (Category-l) status in 2015 by Ministry of New and Renewable Energy (MNRE). It is a Public Limited Government Company established as a Non-Banking Financial Institution in 1987 to promote, develop and extend financial assistance for renewable energy and energy efficiency/ conservation projects with the motto: 'Energy For Ever'. Hence, option is correct.
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