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Doctors Medicines MCQs Q&A

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?

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? Correct Answer 2 and 3 only

The correct answer is 2 and 3 only.

  • The Petroleum and Natural Gas Regulatory Board (PNGRB) was constituted under the Petroleum and Natural Gas Regulatory Board Act, 2006.
    • The independent regulator TRAI is the first independent regulator in India. Hence Statement 1 is Not Correct.
  • The Act provides for the establishment of Petroleum and Natural Gas Regulatory Board to protect the interests of consumers and entities engaged in specified activities relating to petroleum, petroleum products and natural gas and to promote competitive markets and for matters connected therewith or incidental thereto.
    • One of the tasks of PNGRB is to ensure competitive markets for gas. Hence Statement 2 is Correct.
  • The board has also been mandated to regulate the refining, processing, storage, transportation, distribution, marketing and sale of petroleum, petroleum products and natural gas excluding production of crude oil and natural gas so as and to ensure an uninterrupted and adequate supply of petroleum, petroleum products and natural gas in all parts of the country.
  • The PNGRB will have the same powers as a civil court to settle disputes.
  • The Appellate Tribunal established under section 110 of the Electricity Act, 2003 (36 of 2003) is the Appellate Tribunal for the purposes of Petroleum and Natural Gas Regulatory Board Act, 2006. Hence Statement 3 is Correct.

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