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.
[UPSC Civil Services Exam – 2015 Prelims]
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Answer: (c)
Explanation:
- IREDA has been awarded “Mini Ratna” (Category-I) status in 2015 by the Ministry of New and Renewable Energy (MNRE).
- The Indian Renewable Energy Development Agency (IREDA) is a Non-Banking Financial Institution under the administrative control of the Ministry of New and Renewable Energy (MNRE). Hence statement 2 is correct.
- Indian Renewable Energy Development Agency Limited (IREDA) was established on 11th March 1987 as a Public Limited Government Company under the Companies Act, 1956. Hence statement 1 is correct.