Question

Which of the following Statements about IREDA is/are True?

I- It is registered as Non-Banking Financial Company (NFBC) with Reserve Bank of India (RBI).

II- The organisation is committed to providing innovative financing in Renewable Energy & Energy Efficiency/Conservation and Environmental Technologies

III- IREDA headquarters are located in Kolkata.

A Only I Correct Answer Incorrect Answer
B Only II Correct Answer Incorrect Answer
C I & II Correct Answer Incorrect Answer
D I & III Correct Answer Incorrect Answer
E All of the above Correct Answer Incorrect Answer

Solution

IREDA has been notified as a “Public Financial Institution” under section 4 ‘A’ of the Companies Act, 1956 and registered as Non-Banking Financial Company (NFBC) with Reserve Bank of India (RBI) In 2015, it was awarded the status of “Mini Ratna” (Category-I) by the Ministry of New and Renewable Energy (MNRE) The organisation is committed to providing innovative financing in Renewable Energy & Energy Efficiency/Conservation and Environmental Technologies IREDA headquarters are located in New Delhi.

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