100.With reference to the Indian Renewable Energy Development Agency Limited (IREDA), which of the following statements is/are correct?
It is a Public Limited Government Company.
It is a Non-Banking Financial Company. Select the correct answer using the code given below: a) 1 only b) 2 only c) Both 1 and 2 d) Neither 1 nor 2
The correct answer is Both 1 and 2.
The Indian Renewable Energy Development Agency (IREDA)
It has been awarded Mini Ratan (Category-I) status in 2015 by the Ministry of New and Renewable Energy (MNRE).
It is a Non-Banking Financial Institution under the administrative control of the Ministry of New and Renewable Energy (MNRE). Hence statement 2 is correct.
It was established on 11th March 1987 as a Public Limited Government Company under the Companies Act, of 1956. Hence statement 1 is correct.
IREDA promotes, develops, and extends financial assistance for Renewable Energy and Energy Efficiency/Conservation Projects.
In case you still have your doubts, contact us on 9811333901.