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What should be considered before setting up a regulatory authority, according to the Second ARC?
  • a)
    The authority's alignment with government policies.
  • b)
    The authority's potential for profit generation.
  • c)
    The authority's ability to create jobs.
  • d)
    The authority's ability to work independently.
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
What should be considered before setting up a regulatory authority, ac...
Before setting up a regulatory authority, the Second ARC recommends a detailed review to decide whether the policy regime in the concerned sector is such that a regulator would be better placed to deliver the policy objectives of the department concerned. This ensures alignment with government policies and objectives.
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What should be considered before setting up a regulatory authority, according to the Second ARC?a)The authority's alignment with government policies.b)The authority's potential for profit generation.c)The authority's ability to create jobs.d)The authority's ability to work independently.Correct answer is option 'A'. Can you explain this answer?
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