Prelims 2015 · archive
EasyWith 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.
Answer & explanation
Answer: (c) Both 1 and 2
IREDA is a Public Limited Government Company set up in 1987 under the Ministry of New and Renewable Energy. It is also registered with the RBI as a Non-Banking Financial Company. Both statements are correct.
- ✓ 1. IREDA is a Public Limited Government Company, established in 1987 as a Non-Banking Financial Institution. The Ministry of New and Renewable Energy (MNRE) exercises administrative control over it.
- ✓ 2. IREDA is registered as a Non-Banking Financial Company (NBFC) with the Reserve Bank of India.
- ✗ (d) Neither statement is false, so 'Neither 1 nor 2' is wrong. The 'only one' options (a, b) are also wrong, because both statements hold.
Remember · IREDA (1987) is a public limited government company under MNRE and an RBI-registered NBFC. It finances renewable energy and energy efficiency projects.
Sources
- IREDA – Background (official website) ↗ · reference work “IREDA is a Public Limited Government Company established as a Non-Banking Financial Institution in 1987 … registered as a Non-Banking Financial Company (NBFC) with the Reserve Bank of India (RBI)”
Question: UPSC Civil Services (Preliminary) 2015, General Studies paper. Explanation: Minimalist IAS, checked 25 Oct 2026 (how we verify). ·