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With reference to the National Pharmaceutical Pricing Authority (NPPA), consider the following statements:
1. It was constituted by a Government of India Resolution in 1997.
2. It is as an attached office of the Department of Pharmaceuticals (DoP), Ministry of Chemicals & Fertilizers.
3. The headquarters is located in Chennai.
Which of the statements given above is/are correct?
  • a)
    1 and 2 only
  • b)
    2 and 3 only
  • c)
    1 and 3 only
  • d)
    1, 2 and 3
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
With reference to the National Pharmaceutical Pricing Authority(NPPA),...
COVID pandemic has resulted in recent volatility in Maximum Retail Prices (MRP) of Oxygen Concentrators. Margin at the level of distributor currently ranges up to 198%. Thus, the Government has decided to step-in to regulate the price of Oxygen Concentrators.
  • By invoking extraordinary powers under Para 19 of the DPCO, 2013, NPPA has capped the Trade Margin up to 70% on Price to Distributor (PTD) level on Oxygen Concentrators.
  • Earlier, in February 2019 NPPA had successfully capped the Trade Margin on Anti-cancer Drugs.
NPPA
  • Mandate: It is an independent Regulator for pricing of drugs and to ensure availability and accessibility of medicines at affordable prices.
  • History: It was constituted by a Government of India Resolution in 1997.
  • Parent Ministry: It is as an attached office of the Department of Pharmaceuticals (DoP), Ministry of Chemicals & Fertilizers.
  • DPCO: The NPPA regularly publishes lists of medicines and their maximum ceiling prices under the Drug Price Control Orders (DPCO).
  • Headquarters: New Delhi.
Hence option (a) is the correct answer.
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With reference to the National Pharmaceutical Pricing Authority(NPPA),...
COVID pandemic has resulted in recent volatility in Maximum Retail Prices (MRP) of Oxygen Concentrators. Margin at the level of distributor currently ranges up to 198%. Thus, the Government has decided to step-in to regulate the price of Oxygen Concentrators.
  • By invoking extraordinary powers under Para 19 of the DPCO, 2013, NPPA has capped the Trade Margin up to 70% on Price to Distributor (PTD) level on Oxygen Concentrators.
  • Earlier, in February 2019 NPPA had successfully capped the Trade Margin on Anti-cancer Drugs.
NPPA
  • Mandate: It is an independent Regulator for pricing of drugs and to ensure availability and accessibility of medicines at affordable prices.
  • History: It was constituted by a Government of India Resolution in 1997.
  • Parent Ministry: It is as an attached office of the Department of Pharmaceuticals (DoP), Ministry of Chemicals & Fertilizers.
  • DPCO: The NPPA regularly publishes lists of medicines and their maximum ceiling prices under the Drug Price Control Orders (DPCO).
  • Headquarters: New Delhi.
Hence option (a) is the correct answer.
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With reference to the National Pharmaceutical Pricing Authority(NPPA), consider the following statements:1. It was constituted by a Government of India Resolution in 1997.2. It is as an attached office of the Department of Pharmaceuticals (DoP), Ministry of Chemicals & Fertilizers.3. The headquarters is located in Chennai.Which of the statements given above is/are correct?a)1 and 2 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'A'. Can you explain this answer?
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With reference to the National Pharmaceutical Pricing Authority(NPPA), consider the following statements:1. It was constituted by a Government of India Resolution in 1997.2. It is as an attached office of the Department of Pharmaceuticals (DoP), Ministry of Chemicals & Fertilizers.3. The headquarters is located in Chennai.Which of the statements given above is/are correct?a)1 and 2 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'A'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about With reference to the National Pharmaceutical Pricing Authority(NPPA), consider the following statements:1. It was constituted by a Government of India Resolution in 1997.2. It is as an attached office of the Department of Pharmaceuticals (DoP), Ministry of Chemicals & Fertilizers.3. The headquarters is located in Chennai.Which of the statements given above is/are correct?a)1 and 2 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the National Pharmaceutical Pricing Authority(NPPA), consider the following statements:1. It was constituted by a Government of India Resolution in 1997.2. It is as an attached office of the Department of Pharmaceuticals (DoP), Ministry of Chemicals & Fertilizers.3. The headquarters is located in Chennai.Which of the statements given above is/are correct?a)1 and 2 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'A'. Can you explain this answer?.
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