UPSC Prelims 2015 – Question 100

100.With reference to the Indian Renewable Energy
Development Agency Limited (IREDA), which of the
following statements 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 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. 

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