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UPSC Prelims 2019 Q74: Indian Economy – Infrastructure & Industry

UPSC Prelims 2019, General Studies Paper I · Indian Economy

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?
  1. (a) 1 and 2 only
  2. (b) 2 and 3 only
  3. (c) 1 and 3 only
  4. (d) 1, 2 and 3

Answer: (b) 2 and 3 only

Explanation

Petroleum and Natural Gas Regulatory Board (PNGRB)

StatementClaimVerdictDetail
1PNGRB is the first regulatory body set up by Government of IndiaFALSEMany regulators pre-date PNGRB - SEBI (1988/1992), TRAI (1997), IRDA (1999), CERC (1998) - all earlier. PNGRB was set up in 2006/2007.
2PNGRB ensures competitive markets for gasTRUEPNGRB Act 2006 explicitly mandates the Board to ensure competition, protect consumer interests, and promote efficient market functioning in the downstream petroleum sector.
3Appeals against PNGRB go to Appellate Tribunal for Electricity (APTEL)TRUESection 30 of the PNGRB Act designates APTEL (constituted under Electricity Act 2003) as the appellate authority for PNGRB decisions - a rare cross-sector arrangement.

Statements 2 and 3 are correct. Answer: (b) 2 and 3 only.

Answer: (b) 2 and 3 only.

Why each option is right or wrong

Key point

PNGRB (2006/07) = downstream petroleum/gas regulator (not first). Ensures competitive gas markets. Appeals -> APTEL (unique cross-sector arrangement).

Remember

Statements 2 and 3 are correct. The Petroleum and Natural Gas Regulatory Board (PNGRB) ensures competitive markets for gas (its statutory mandate), and appeals against its decisions go before the Appellate Tribunal for Electricity (APTEL). However, PNGRB (2006/07) is NOT the first regulator set up in India - SEBI, TRAI, IRDA, CERC all predate it.

Common mistakes

Exam tip

Indian regulators (year set up): SEBI (1988/1992). TRAI (1997). CERC (1998). IRDA (1999). AAI (1994). CCI (2003). PFRDA (2003/2013 statutory). PNGRB (2006/07). FSSAI (2008). RERA/State bodies (2016). Not first, but core for their sectors.

Sources

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