Consider the following statements :
- 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.
Which of the statements given above are correct?
Show answer
Answer: B. Statement 1 is wrong: PNGRB (2006) was not the first regulator; SEBI, TRAI and CERC came earlier. Statement 2 is correct: it is meant to protect consumers and ensure competitive markets in gas. Statement 3 is correct: appeals go to the Appellate Tribunal for Electricity under Section 33 of the PNGRB Act. So 2 and 3 only.
Watch for: The electricity tribunal handling gas appeals sounds odd, so students reject statement 3.
Why the other options are wrong
- A. Wrong because PNGRB was not India's first regulator.
- C. Wrong because statement 1 is false.
- D. Wrong because statement 1 is false.
Source to check: Petroleum and Natural Gas Regulatory Board Act, 2006, Sections 11 and 33; PNGRB official website
Answer from the official UPSC key. Written and fact-checked by AI against the official key. Spotted a mistake? Report it.