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    Question

    Consider the following statements:        

    I.            Petroleum and Natural Gas Regulatory Board (PNGRB) is the first regulatory body set up by the Government of India.       II.            One of the tasks of PNGRB is to, ensure competitive markets for gas.     III.            Appeals against the decisions of PNGRB go before the Appellate Tribunals for Electricity. Which of the statements given above are correct?
    A I and II only Correct Answer Incorrect Answer
    B II and III only Correct Answer Incorrect Answer
    C I and III only Correct Answer Incorrect Answer
    D I, II and III Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    The petroleum and Natural Gas Regulatory Board (PNGRB) is a statutory body in India, constituted under the act of the Parliament of India, namely the Petroleum and Natural Gas Regulatory Board Act, 2006. Its primary functions include regulation of refining, transportation, distribution, storage, marketing, supply and sale of petroleum products and natural gas.

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