Correct answer: (c) Both 1 and 2
Explanation
- A
1 only
Statement 1 is correct—IREDA is a Public Limited Government Company—but statement 2 is also correct. ‘1 only’ is incomplete. This option is not the key.
- B
2 only
Statement 2 is correct—IREDA is registered as an NBFC—but statement 1 is also correct. ‘2 only’ is incomplete. This option is therefore wrong.
- C
Both 1 and 2
IREDA is a Mini Ratna public limited company under the Ministry of New and Renewable Energy and is registered with RBI as a Non-Banking Financial Company. Both statements are correct. This option is the official key.
- D
Neither 1 nor 2
Neither would deny both corporate and NBFC character, which IREDA has. This option is not the key.
Summary. Official key is (c) Both 1 and 2. The Indian Renewable Energy Development Agency finances renewable energy and energy efficiency as a government company and as an NBFC. It is not a commercial bank and not a private charity. Public-limited government company and NBFC can coexist. Only (c) records both facts.
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