Q. With reference to Indian Renewable Energy Development Agency (IREDA) consider the following statements:
1.It comes under the administrative control of the Ministry of New and Renewable Energy (MNRE).
2.It is registered as Non-Banking Financial Company (NFBC) with Reserve Bank of India (RBI).
3.It promotes, develops, and extends financial assistance for setting up projects relating to new and renewable sources of energy..
Which of the statements given above are correct?

[A] 1 and 2 only

[B] 2 and 3 only

[C] 1 and 3 only

[D] 1, 2 and 3

Answer: D
Notes:

Explanation –

Statement 1, 2 and 3 are correct. IREDA comes under the administrative control of the Ministry of New and Renewable Energy (MNRE). It is registered as Non-Banking Financial Company (NFBC) with Reserve Bank of India (RBI). It promotes, develops, and extends financial assistance for setting up projects relating to new and renewable sources of energy.

Source: ForumIAS

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