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Regulatory Bodies
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UPSC Prelims 2019 Paper-1 📅 02 Jun, 2019

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?

A
1 and 2 only
B
2 and 3 only
C
1 and 3 only
D
1, 2 and 3
Result Summary
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APEDIA

UPSC Prelims
2019 • 02 Jun, 2019 • Paper-1
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?
Correct Answer
2 and 3 only
Statement 1 Analysis: This is factually incorrect. The PNGRB was constituted quite recently under an Act passed in 2006. It is far from being the first regulato......
Ref/Book : UPSC Prelims 2019
Ref. Subject Economy
Chapter -
Ref. Topic Regulatory Bodies
Pg. No -
💡 Analysis & Explanation
Statement 1 Analysis ▼
This is factually incorrect. The PNGRB was constituted quite recently under an Act passed in 2006. It is far from being the first regulatory body in India. Legacy bodies like the Forward Markets Commission (established 1953) or SEBI (statutory status in 1992) existed decades before it.
Statement 2 Analysis ▼
This is correct. A core statutory objective laid down in the PNGRB Act is to protect the interests of consumers and essentially foster fair trade and fiercely competitive markets for petroleum and natural gas across the country.
Statement 3 Analysis ▼
This is correct. Under the established legal framework, the Appellate Tribunal for Electricity (APTEL), originally set up under the Electricity Act 2003, is also the designated appellate tribunal mandated to hear and dispose of appeals against the orders and decisions of the PNGRB.
Conclusion ▼
Statements 2 and 3 are sound, aligning with option B.
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