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Consider the following statements:
  1. Recently, IREDA (Indian Renewable Energy Development Agency), the financing agency for Renewable projects in India, was conferred with ‘Navratna status’.
  2. The ‘Navratna status’ is given by the Department for Promotion of Industry and Internal Trade.
  3. IREDA is under the administrative control of the Ministry of New and Renewable Energy.
How many of the above statements are correct?
  • a)
    Only one 
  • b)
    Only two 
  • c)
    All three 
  • d)
    None
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements: Recently, IREDA (Indian Renewable E...
  • Statements 1 and 3 are correct.
  • Context: Recently, IREDA (Indian Renewable Energy Development Agency), the financing agency for Renewable projects in India, was conferred with ‘Navratna status’ by the Department of Public Enterprises (Ministry of Finance)
  • IREDA is under the administrative control of the Ministry of New and Renewable Energy. It was established as a Non-Banking Financial Institution in 1987.
  • This status grants greater autonomy and facilitates quicker decision-making, attracting more investments and skilled talent. As a Navratna PSU, IREDA can operate more efficiently, compete effectively, and achieve sustainable growth.
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Consider the following statements: Recently, IREDA (Indian Renewable Energy Development Agency), the financing agency for Renewable projects in India, was conferred with ‘Navratna status’. The ‘Navratna status’ is given by the Department for Promotion of Industry and Internal Trade. IREDA is under the administrative control of the Ministry of New and Renewable Energy.How many of the above statements are correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'B'. Can you explain this answer?
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Consider the following statements: Recently, IREDA (Indian Renewable Energy Development Agency), the financing agency for Renewable projects in India, was conferred with ‘Navratna status’. The ‘Navratna status’ is given by the Department for Promotion of Industry and Internal Trade. IREDA is under the administrative control of the Ministry of New and Renewable Energy.How many of the above statements are correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'B'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements: Recently, IREDA (Indian Renewable Energy Development Agency), the financing agency for Renewable projects in India, was conferred with ‘Navratna status’. The ‘Navratna status’ is given by the Department for Promotion of Industry and Internal Trade. IREDA is under the administrative control of the Ministry of New and Renewable Energy.How many of the above statements are correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements: Recently, IREDA (Indian Renewable Energy Development Agency), the financing agency for Renewable projects in India, was conferred with ‘Navratna status’. The ‘Navratna status’ is given by the Department for Promotion of Industry and Internal Trade. IREDA is under the administrative control of the Ministry of New and Renewable Energy.How many of the above statements are correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'B'. Can you explain this answer?.
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