Consider the following about Indian Renewable Energy Development Agency Limited IREDA 1 It is establ...........

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Consider the following about Indian Renewable Energy Development Agency Limited (IREDA).

1. It is established as Non-Banking Financial Institution

2. It provide support to generate electricity by new sources

Which of the above is/are correct?

1 only

2 only

Both 1 and 2

None of the above

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Explanation:

The statement that Indian Renewable Energy Development Agency Limited (IREDA) is established as a Non-Banking Financial Institution is correct. IREDA is indeed a Non-Banking Financial Institution (NBFC) that provides financial support for renewable energy projects.

The statement that IREDA provides support to generate electricity from new sources is also correct. IREDA's primary role is to promote and finance renewable energy projects in India, including those that generate electricity from new and renewable sources.

So, both statements 1 and 2 are correct.