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With reference to the Indian Renewable Energy Development Agency Ltd., consider the following statements:
1. It is a Maharatna enterprise under the Ministry of New and Renewable Energy.
2. It is the only dedicated institution for financing Renewable Energy and Energy Efficiency projects in India.
Which of the statements given is/are correct?
  • a)
    1 only
  • b)
    2 only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
With reference to the Indian Renewable Energy Development Agency Ltd.,...
Statement 1 is not correct: Indian Renewable Energy Development Agency Ltd. (IREDA) is a Miniratna enterprise under the administrative control of the Ministry of New and Renewable Energy (MNRE). It was established as a Non-Banking Financial Institution in 1987.
Statement 2 is correct: It is the only dedicated institution for financing Renewable Energy (RE) & Energy Efficiency (EE) projects in India.
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With reference to the Indian Renewable Energy Development Agency Ltd., consider the following statements:1. It is a Maharatna enterprise under the Ministry of New and Renewable Energy.2. It is the only dedicated institution for financing Renewable Energy and Energy Efficiency projects in India.Which of the statements given is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?
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