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

1. 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.

2. 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.

3. 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.

4. 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.