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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 of Electricity.
Which of the statements given above is/are correct?
[2019]
  • a)
    1 and 2 only
  • b)
    2 and 3 only
  • c)
    1 and 3 only
  • d)
    1, 2 and 3
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements:1. Petroleum and Natural Gas Regulat...
PNGRB was constituted under The Petroleum and Natural Gas Regulatory Board Act, 2006.
SEBI was formed in 1988 by an executive order, given statutory status in 1992. Besides, IRDAI and many other regulatory bodies were setup before 2006. So, PNGRB is certainly not the first body to be setup by Govt of India. #1 is wrong, by elimination we are left with answer b.
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Community Answer
Consider the following statements:1. Petroleum and Natural Gas Regulat...
Statement Analysis:

Statement 1: Petroleum and Natural Gas Regulatory Board (PNGRB) is the first regulatory body set up by the Government of India.

This statement is incorrect. The first regulatory body set up by the Government of India was the Telecom Regulatory Authority of India (TRAI) in 1997.

Statement 2: One of the tasks of PNGRB is to ensure competitive markets for gas.

This statement is correct. One of the main functions of PNGRB is to regulate the refining, processing, storage, transportation, distribution, marketing, and sale of petroleum, petroleum products, and natural gas, and to ensure competitive markets for gas.

Statement 3: Appeals against the decisions of PNGRB go before the Appellate Tribunals of Electricity.

This statement is incorrect. Appeals against the decisions of PNGRB go before the Appellate Tribunal for Electricity (ATE), which is a separate tribunal established under the Electricity Act, 2003.

Hence, the correct answer is option B, i.e., 2 and 3 only.
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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 of Electricity.Which of the statements given above is/are correct?[2019]a)1 and 2 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about 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 of Electricity.Which of the statements given above is/are correct?[2019]a)1 and 2 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 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 of Electricity.Which of the statements given above is/are correct?[2019]a)1 and 2 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer?.
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