Official Answer Key & Detailed Solution
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Correct Answer: Option (C) — Both 1 and 2
Concept & Option Breakdown
Standard Reference VerifiedStatement 1 is correct: IREDA was established in 1987 as a Public Limited Government Company under the administrative control of the Ministry of New and Renewable Energy (MNRE).
Statement 2 is correct: IREDA is registered as a Non-Banking Financial Company (NBFC) with the Reserve Bank of India, functioning as a specialized green financing institution.
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