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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.

(a)

1 only

(b)

2 only

(c)

Both 1 and 2

(d)

Neither 1 nor 2

Correct Answer

(c)

Explanation

IREDA has been awarded “Mini Ratna” (Category -I) status in 2015 by Ministry of New and Renewable Energy (MNRE). IREDA is a Public Limited Government Company established as a Non-Banking Financial Institution in 1987 under the administrative control of MNRE to promote, develop and extend financial assistance for renewable energy and energy efficiency /conservation projects with the motto: “ENERGY FOR EVER”.Tikdam: it’s not a bank but provides financial assistance for renewable energy so it’s NBFC.

Microtheme: Renewable Energy Sector —
4 questions asked in Prelims in the past.

  1. [2026] Which of the following statements with regard to Green Hydrogen is/are correct?
    1. It is decarbonized hydrogen obtained from natural gas reforming combined with carbon capture and storage (CCS).
    2. It is produced using electrolysis of water with electricity generated by renewable energy.
    3. National Green Hydrogen Mission of India aims for abatement of nearly 50 MMT of annual greenhouse gas emissions by 2030.

    • (a) 1 only
    • (b) 2 and 3 only
    • (c) 2 only
    • (d) 1, 2 and 3
    Correct Answer: (B) 2 and 3 only
  2. [2025] Consider the following statements about ‘PM Surya Ghar Muft Bijli Yojana’:
    I. It targets installation of one crore solar rooftop panels in the residential sector.
    II. The Ministry of New and Renewable Energy aims to impart training on installation, operation, maintenance and repairs of solar rooftop systems at grassroot levels.
    III. It aims to create more than three lakhs skilled manpower through fresh skilling and up-skilling, under scheme component of capacity building.
    Which of the statements given above are correct?

    • (a) I and II only
    • (b) I and III only
    • (c) II and III only
    • (d) I, II and III
    Correct Answer: (D) I, II and III
  3. [2018] With reference to solar power production in India, consider the following statements:
    1. India is the third largest in the world in the manufacture of silicon wafers used in photovoltaic units.
    2. The solar power tariffs are determined by the Solar Energy Corporation of India.
    Which of the statements given above is/are correct ?

    • (a) 1 only
    • (b) 2 only
    • (c) Both 1 and 2
    • (d) Neither 1 nor 2
    Correct Answer: (D) Neither 1 nor 2
  4. [2015] 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.

    • (a) 1 only
    • (b) 2 only
    • (c) Both 1 and 2
    • (d) Neither 1 nor 2
    Correct Answer: (C) Both 1 and 2