UPSC CSE Prelims
Question 48
With reference to the Indian Renewable Energy Development Agency Limited (IREDA), which of the following statements is/are correct?
- It is a Public Limited Government Company.
- It is a Non-Banking Financial Company.
Select the correct answer using the code given below.
View correct answer and explanation
Correct answer: C
Correct Option: C
Explanation: IREDA is a government-owned public limited company and a non-banking financial institution focused on financing renewable energy and energy-efficiency projects.
Statement/Pair-wise Analysis:
Statement/Item 1: Correct - IREDA is incorporated as a government company limited by shares.
Statement/Item 2: Correct - It operates as an RBI-registered non-banking financial company (NBFC).
Option-wise Analysis:
A: Incorrect - omits correct statement/item 2.
B: Incorrect - omits correct statement/item 1.
C: Correct - includes all and only the correct items.
D: Incorrect - omits correct statement/items 1, 2.
Review Note: Corporate classification and ownership percentages can change; explanation follows 2015 context.