gs1medium

Consider the following statements:

  1. 1.Petroleum and Natural Gas Regulatory Board (PNGRB) is the first regulatory body set up by the Government of India.
  2. 2.One of the tasks of PNGRB is to ensure competitive markets for gas.
  3. 3.Appeals against the decisions of PNGRB go before the Appellate Tribunals for Electricity. Which one of the statements given above is correct?
  1. A.1 and 2 only
  2. B.2 and 3 only
  3. C.1 and 3 only
  4. D.1, 2 and 3
▶ Answer & Explanation

Correct answer: B. 2 and 3 only

The Petroleum and Natural Gas Regulatory Board (PNGRB) was established in 2006, making it not the first regulatory body in India; for example, TRAI preceded it. However, a key function of PNGRB is to promote competition in the natural gas market. Decisions made by PNGRB can indeed be appealed before the Appellate Tribunals for Electricity, which handles disputes related to the power sector and also certain aspects of petroleum and natural gas regulation.

Source: UPSC gs1 2019

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