UPSC CSE Prelims
Question 63
Consider the following statements :
- Petroleum and Natural Gas Regulatory Board (PNGRB) is the first regulatory body set up by the Government of India.
- One of the tasks of PNGRB is to ensure competitive markets for gas.
- Appeals against the decisions of PNGRB go before the Appellate Tribunals for Electricity.
Which of the statements given above are correct?
View correct answer and explanation
Correct answer: B
Correct Option: B
Explanation:
PNGRB was set up under its 2006 Act to regulate downstream petroleum/natural-gas networks and encourage fair competition; appeals to its orders lie before the Appellate Tribunal for Electricity. It was not India’s first regulator.
Statement / Pair Analysis:
1 (Incorrect): India had regulatory bodies, including SEBI and TRAI, before PNGRB.
2 (Correct): Ensuring competitive markets for gas and protecting consumer interests are PNGRB functions.
3 (Correct): Appeals against PNGRB orders go to the Appellate Tribunal for Electricity under the legal framework.
Option-wise Analysis:
A (Incorrect): It includes false item 1 (India had regulatory bodies, including SEBI and TRAI, before PNGRB); omits true item 3 (Appeals against PNGRB orders go to the Appellate Tribunal for Electricity under the legal framework).
B (Correct): Includes all and only the true statements/pairs.
C (Incorrect): It includes false item 1 (India had regulatory bodies, including SEBI and TRAI, before PNGRB); omits true item 2 (Ensuring competitive markets for gas and protecting consumer interests are PNGRB functions).
D (Incorrect): It includes false item 1 (India had regulatory bodies, including SEBI and TRAI, before PNGRB).