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With reference to the Indian Renewable Energy Development Agency Limited (IREDA), which of the following statements is/are correct?
I. It is a Public Limited Government Company.
II. It is a Non - Banking Financial Company.
I. It is a Public Limited Government Company.
II. It is a Non - Banking Financial Company.
Q.Select the correct answer using the code given below.
- a)I only
- b)II only
- c)Both I and II
- d)Neither I or II
Correct answer is option 'C'. Can you explain this answer?
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Verified Answer
With reference to the Indian Renewable Energy Development Agency Limit...
IREDA is a Public Limited Government Company which was established as a Non-Banking Financial Institution in 1987 under the administrative control of MNRE to promote, develop and extend financial assistance for renewable energy and energy efficiency/conservation projects with the motto: "ENERGY FOR EVER".
Most Upvoted Answer
With reference to the Indian Renewable Energy Development Agency Limit...
IREDA: Overview
The Indian Renewable Energy Development Agency Limited (IREDA) is a public limited government company, which was established in 1987 under the Ministry of New and Renewable Energy (MNRE). It is a leading financial institution that promotes and develops renewable energy projects in India.
Statement Analysis
I. It is a Public Limited Government Company.
This statement is correct. IREDA is a public limited government company, which means that it is owned by the government and its shares are publicly traded.
II. It is a Non-Banking Financial Company.
This statement is also correct. IREDA is a non-banking financial company (NBFC), which means that it provides financial services like loans, leases, and investments, but it is not a bank.
Conclusion
Both the statements are correct. Therefore, the correct answer is option C.IREDA is a public limited government company and also a non-banking financial company that promotes and develops renewable energy projects in India.
The Indian Renewable Energy Development Agency Limited (IREDA) is a public limited government company, which was established in 1987 under the Ministry of New and Renewable Energy (MNRE). It is a leading financial institution that promotes and develops renewable energy projects in India.
Statement Analysis
I. It is a Public Limited Government Company.
This statement is correct. IREDA is a public limited government company, which means that it is owned by the government and its shares are publicly traded.
II. It is a Non-Banking Financial Company.
This statement is also correct. IREDA is a non-banking financial company (NBFC), which means that it provides financial services like loans, leases, and investments, but it is not a bank.
Conclusion
Both the statements are correct. Therefore, the correct answer is option C.IREDA is a public limited government company and also a non-banking financial company that promotes and develops renewable energy projects in India.
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With reference to the Indian Renewable Energy Development Agency Limited (IREDA), which of the following statements is/are correct?I. It is a Public Limited Government Company.II. It is a Non - Banking Financial Company.Q.Select the correct answer using the code given below.a)I onlyb)II onlyc)Both I and IId)Neither I or IICorrect answer is option 'C'. Can you explain this answer?
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