Prelims 2019 · Polity and Constitution · Question 4
Consider the following statements:<br/>1. Petroleum and Natural Gas Regulatory Board (PNGRB) is the first regulatory body set up by the Government of India.<br/>2. One of the tasks of PNGRB is to ensure competitive markets for gas.<br/>3. Appeals against the decisions of PNGRB go before the Appellate Tribunals for Electricity.<br/><br/>Which of the statements given above are correct?
Answer
2 and 3 only
1. Incorrect. PNGRB was set up under the PNGRB Act, 2006, but it is not the first regulatory body created by the Government of India; several regulators like SEBI, TRAI, CERC existed earlier.
2. Correct. A core function of PNGRB is to protect consumer interests and foster fair trade and competition in petroleum and natural gas markets, including gas.
3. Correct. Appeals against PNGRB orders lie before the Appellate Tribunal for Electricity (APTEL) under the PNGRB Act.
Hence, statements 2 and 3 only are correct.