With reference to the Indian Renewable Energy Development Agency Limited (IREDA), which of the following statements 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 code given below.
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A.
1 only
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B.
2 only
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C.
Both 1 and 2
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D.
Neither 1 nor 2
Correct Answer:
C. Both 1 and 2
Explanation:
With reference to Indian Renewable Energy Development Agency Limited (IREDA):
IREDA is a Public Limited Government Company.
It is also a Non-Banking Financial Company (NBFC) focused on promoting and financing renewable energy projects.
Hence, both statements 1 and 2 are correct.
The correct answer is (c) Both 1 and 2.
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