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 Appel- late Tribunals for Electricity.Which of the statements given above are correct?
✓ Correct answer: b) 2 and 3 only
ExplanationStatement 1 is incorrect: The Petroleum and Natu- ral Gas Regulatory Board (PNGRB) was established in 2006 to regulate natural gas and petroleum products.It is not the first regulatory body in India.The Telecom Regulatory Authority of India (TRAI) (1997) and Securities and Exchange Board of India (SEBI) (1992) were established earlier.Statement 2 is correct: PNGRB ensures competitive gas mar- kets, tariff regulation, and fair trade practices in natural gas distribution.Statement 3 is correct: Appeals against PNGRB’s decisions are heard by the Appellate Tribunal for Electricity (APTEL), which also deals with power sector disputes.153
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