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.

QUESTION

Hard

Environment & Ecology

Prelims 2015

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.

Select an option to attempt

Explanation

The Indian Renewable Energy Development Agency (IREDA) is a Non-Banking Financial Institution under the administrative control of Ministry of New and Renewable Energy for providing term loans for renewable energy and energy efficiency projects.

IREDA is a Public Limited Government Company established under the Companies Act, 1956. IREDA is also registered as a Non-Banking Financial Company (NBFC) with the Reserve Bank of India (RBI).

Trusted by 2L aspirants