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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