Civil Services Prep

Prelims 2015 · Economy · Question 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.

  1. 1 only
  2. 2 only
  3. Both 1 and 2
  4. Neither 1 nor 2

Answer

Both 1 and 2

1. It is a Public Limited Government Company. IREDA is a Mini Ratna government company under the Ministry of New and Renewable Energy and is incorporated as a public limited company. Verdict: Correct.

2. It is a Non-Banking Financial Company. IREDA functions as an NBFC and finances renewable energy and energy efficiency projects. Verdict: Correct.

Therefore, both 1 and 2 are correct.

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