{"id":1965,"date":"2024-03-30T14:28:49","date_gmt":"2024-03-30T08:58:49","guid":{"rendered":"https:\/\/lotusarise.com\/qna\/?p=1965"},"modified":"2024-04-03T07:07:50","modified_gmt":"2024-04-03T01:37:50","slug":"q-with-reference-to-the-indian-renewable-energy-development-agency-limited-ireda-which-of-the-following-statements-is-are-correct-2","status":"publish","type":"post","link":"https:\/\/lotusarise.com\/qna\/upsc\/q-with-reference-to-the-indian-renewable-energy-development-agency-limited-ireda-which-of-the-following-statements-is-are-correct-2","title":{"rendered":"Q.\u00a0With reference to the Indian Renewable Energy Development Agency Limited (IREDA), which of the following statements is\/are correct?"},"content":{"rendered":"\n<ol class=\"wp-block-list\">\n<li>It is a Public Limited Government Company.<\/li>\n\n\n\n<li>It is a Non-Banking Financial Company.<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">Select the correct answer using the code given below.<\/p>\n\n\n\n<ul class=\"mcq wp-block-list\">\n<li>1 only<\/li>\n\n\n\n<li>2 only<\/li>\n\n\n\n<li>Both 1 and 2<\/li>\n\n\n\n<li>Neither 1 nor 2<\/li>\n<\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\"><strong>Answer:<\/strong>&nbsp;<strong>(c) Both 1 and 2<\/strong><\/p>\n<\/blockquote>\n\n\n\n<h5 class=\"wp-block-heading\" id=\"ireda\">IREDA:<\/h5>\n\n\n\n<ul class=\"wp-block-list\">\n<li>It is a&nbsp;<strong>Mini Ratna (Category\u2013I<\/strong>)&nbsp;<strong>non-banking financial institution<\/strong>&nbsp;under the administrative&nbsp;<strong>control of Ministry of New and Renewable Energy (MNRE).<\/strong><\/li>\n\n\n\n<li>It is a&nbsp;<strong>Public Limited Government Company<\/strong>&nbsp;<strong>established as a Non-Banking Financial Institution (NBFC) in 1987.<\/strong><\/li>\n\n\n\n<li>REDA has been&nbsp;<strong>notified as a \u201cPublic Financial Institution<\/strong>\u201d&nbsp;<strong>under<\/strong>&nbsp;section 4 \u2018A\u2019 of the&nbsp;<strong>Companies Act, 1956<\/strong>&nbsp;and&nbsp;<strong>registered as<\/strong>&nbsp;<strong>NBFC with Reserve Bank of India<\/strong>&nbsp;(RBI).<\/li>\n\n\n\n<li>REDA is primarily engaged in p<strong>romoting, developing and extending financial assistance for setting up projects relating to new and renewable sources&nbsp;<\/strong>of energy and energy efficiency\/conservation.<\/li>\n\n\n\n<li><strong>Motto: ENERGY FOR EVER<\/strong><\/li>\n\n\n\n<li><strong>Objectives<\/strong>:\n<ul class=\"wp-block-list\">\n<li>To give&nbsp;<strong>financial support to specific projects and schemes for generating electricity and\/ or energy through new and renewable sources<\/strong>&nbsp;and conserving energy through energy efficiency.<\/li>\n\n\n\n<li>To&nbsp;<strong>maintain its position as a leading organization to provide efficient and effective financing in renewable energy<\/strong>&nbsp;and energy efficiency\/ conservation projects.<\/li>\n\n\n\n<li>To increase IREDA\u2019s share in the&nbsp;<strong>renewable energy sector<\/strong>&nbsp;by way of innovative financing.<\/li>\n\n\n\n<li><strong>Improvement in the efficiency<\/strong>&nbsp;of services provided to customers through continual improvement of systems, processes and resources.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Funding<\/strong>: IREDA&nbsp;<strong>generates its revenue through the interest and principal repayments from the projects it finances<\/strong>, as well as&nbsp;<strong>by raising funds from the market and through borrowings.<\/strong><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Select the correct answer using the code given below. Answer:&nbsp;(c) Both 1 and 2 IREDA:<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":"","footnotes":""},"categories":[1,3],"tags":[38],"years":[58],"class_list":["post-1965","post","type-post","status-publish","format-standard","hentry","category-upsc","category-prelims","tag-indian-economy","years-58"],"acf":[],"taxonomy_info":{"category":[{"value":1,"label":"UPSC"},{"value":3,"label":"Prelims"}],"post_tag":[{"value":38,"label":"Indian Economy"}],"years":[{"value":58,"label":"2015"}]},"featured_image_src_large":false,"author_info":{"display_name":"LotusArise","author_link":"https:\/\/lotusarise.com\/qna\/author\/team-lotusarise"},"comment_info":0,"category_info":[{"term_id":1,"name":"UPSC","slug":"upsc","term_group":0,"term_taxonomy_id":1,"taxonomy":"category","description":"","parent":0,"count":1269,"filter":"raw","cat_ID":1,"category_count":1269,"category_description":"","cat_name":"UPSC","category_nicename":"upsc","category_parent":0},{"term_id":3,"name":"Prelims","slug":"prelims","term_group":0,"term_taxonomy_id":3,"taxonomy":"category","description":"","parent":1,"count":1251,"filter":"raw","cat_ID":3,"category_count":1251,"category_description":"","cat_name":"Prelims","category_nicename":"prelims","category_parent":1}],"tag_info":[{"term_id":38,"name":"Indian Economy","slug":"indian-economy","term_group":0,"term_taxonomy_id":38,"taxonomy":"post_tag","description":"","parent":0,"count":225,"filter":"raw"}],"_links":{"self":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/posts\/1965","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/comments?post=1965"}],"version-history":[{"count":0,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/posts\/1965\/revisions"}],"wp:attachment":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/media?parent=1965"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/categories?post=1965"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/tags?post=1965"},{"taxonomy":"years","embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/years?post=1965"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}