Civil Services Prep

Prelims 2015 · Economy · Question 100

With reference to the Indian Renewable Energy Development Agency Limited (IREDA), which of the following statements is/are correct?<br/>1. It is a Public Limited Government Company.<br/>2. It is a Non-Banking Financial Company.<br/><br/>Select the correct answer using the code given below.

  1. 1 only
  2. 2 only
  3. Both 1 and 2
  4. Neither 1 nor 2

Answer

Both 1 and 2

1. It is a Public Limited Government Company. IREDA is a Mini Ratna government company under the Ministry of New and Renewable Energy and is incorporated as a public limited company. Verdict: Correct.

2. It is a Non-Banking Financial Company. IREDA functions as an NBFC and finances renewable energy and energy efficiency projects. Verdict: Correct.

Therefore, both 1 and 2 are correct.

  1. The artificially fixed rupee-sterling exchange rate prescribed by the Hilton-Young Commission (1926) was…
  2. In what way(s) does the Vizhinjam International Seaport represent a structural shift in India's maritime trade…
  3. Which of the following is/are the most significant implication(s) of obtaining Oeko-Tex certification for Eri…
  4. Consider the following statements with reference to the Sagarmala Programme of the Government of India : I.…
  5. An e-commerce revenue model where the seller has control over pricing but doesn't keep products in stock and…
  6. Which one of the following correctly represents the three key sub-indices of the Financial Inclusion Index…