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.

Gives a concrete pattern: a financial institution (IFCI) became a Public Limited Company by being registered under the Companies Act.

A student could check whether IREDA was established/registered under the Companies Act (like IFCI) or under a statute to infer its corporate form.

Shows that government entities in the energy sector are often designated as 'nodal agencies' (roles assigned to ministries/institutes) rather than being companies.

A student could test whether IREDA is described as a 'nodal agency' (suggesting a government body) or as a registered company.

Differentiates organisational types by example: IRENA is an intergovernmental organisation rather than a corporate entity.

Use the contrast: if sources describe IREDA as an intergovernmental/statutory body versus a 'Limited' company, that would point toward/against company registration.

Mentions market institutions (IEX/PXIL) and market-based instruments, implying the energy sector has both government agencies and market-registered companies.

A student could look at whether IREDA participates in market/financial activities as a corporate entity (registered company) or functions as a government financing agency.

Gives the formal rule for a company being a PSU: majority (≥51%) government ownership defines a Public Sector Undertaking.

A student could check IREDA's shareholding to see if the GOI (or a state) holds a majority stake to judge if it is government‑owned.

Shows that the government undertakes production activities through named companies in the energy sector (e.g., Coal India Ltd., NTPC), establishing a pattern of government ownership in energy enterprises.

Use this pattern to hypothesize that a national agency in renewable energy finance (IREDA) might similarly be government‑owned and then verify its ownership records.

Notes that generation and distribution of energy are largely public-sector activities and that central/state governments own major enterprises in sectors like oil and power.

Combine this with a basic fact that governments often create finance/implementation agencies for sectors they control — check whether IREDA was established by the GOI or listed among central public enterprises.

Describes major government-led renewable initiatives (National Solar Mission) indicating active central government role in renewable energy policy and institutions.

Infer that agencies associated with these national missions are often set up or backed by the GOI; a student can therefore look up IREDA's founding/mandate documents to see if it is a GOI entity.

Defines an NBFC as a company registered under the Companies Act engaged in lending, investments, or related financial activities.

A student could check whether IREDA is registered under the Companies Act and whether its principal business is lending/investment to infer NBFC eligibility.

States NBFCs' financial assets should constitute more than 50% of total assets and lists typical NBFC activities (loans, leasing, acquisition/sale of securities).

Compare IREDA's balance-sheet composition (share of financial assets) and primary activities to this >50% rule to judge NBFC status.

Notes certain entities regulated by other regulators (insurance, SEBI-registered entities, Nidhi, chit companies) can be exempt from RBI registration as NBFCs.

If IREDA is regulated as a Development Financial Institution or by another regulator, this could explain why it might not appear as an RBI-registered NBFC.

Mentions AIFIs/DFIs as sector-specific long-term financing institutions (Development Financial Institutions) that are an institutional mechanism for long-term financing and are regulated/supervised by RBI.

Determine whether IREDA is classified as an AIFI/DFI — if so, that classification could affect whether it is treated/registered as an NBFC by RBI.

Gives an example (IFCI) of a statutory entity becoming a public limited company and being registered as a systemically important NBFC with RBI.

Use this precedent to check whether an entity like IREDA, if converted/registered similarly and meeting criteria, would be recorded as an NBFC-ND-SI with RBI.