Petroleum Natural Gas Regulation
Question
Consider the following statements:
Which of the statements given above are correct?
- 1.
Petroleum and Natural Gas Regulatory Board (PNGRB) is the first regulatory body set up by the Government of India.
- 2.
One of the tasks of PNGRB is to ensure competitive markets for gas.
- 3.
Appeals against the decisions of PNGRB go before the Appellate Tribunals for Electricity.
Options
1 and 2 only
2 and 3 only
1 and 3 only
1, 2 and 3
Explanation
Statement 1 is incorrect: PNGRB (established 2006) was not the first regulatory body set up by the Government of India. The Telecom Regulatory Authority of India (TRAI) was established in 1997, making it earlier. Statement 2 is correct: PNGRB's mandate includes ensuring competitive markets in the petroleum and natural gas sectors. Statement 3 is correct: Appeals against PNGRB decisions can go before the Appellate Tribunal for Electricity under the relevant regulatory framework. Therefore, statements 2 and 3 are correct. > PNGRB promotes gas market competition; appeals handled through Appellate Tribunal framework. Answer: b.
Question details
Year
2019
Paper
GS Paper 1
Question
Q74
Subject
Polity
Sub-topic
Regulatory Bodies
Type
Statement-based
Difficulty
Medium
Nature
Static
Source hint
NCERT Polity or Current Affairs
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