UPSC General Studies Solved Paper - General Studies-2015

  • question_answer
    With reference to the Indian Renewable Energy Development Agency Limited (IREDA), which of the following statement(s) 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 codes given below.

    A)  Only 1             

    B)  Only 2

    C)  Both 1 and 2    

    D)  Neither 1 nor 2

    Correct Answer: C

    Solution :

    Exp. [c] The IREDA has been awarded 'Mini Ratna' (Category-l) status in 2015 by Ministry of New and Renewable Energy (MNRE). It is a Public Limited Government Company established as a Non-Banking Financial Institution in 1987 to promote, develop and extend financial assistance for renewable energy and energy efficiency/ conservation projects with the motto: 'Energy For Ever'. Hence, option  is correct.

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