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

   (a) 1 and 2 only. Statement 1 is false: PNGRB (2006 Act, Board from 2007) is not India’s first regulator — SEBI, TRAI and others came earlier. A code that keeps 1 is not the key.

2. B

   2 and 3 only

   (b) 2 and 3 only. PNGRB’s mandate includes promoting competitive markets in gas. Appeals from PNGRB go to the Appellate Tribunal for Electricity (APTEL). Statement 1 fails. That pair is the official key.

3. C

   1 and 3 only

   (c) 1 and 3 only. Statement 1 is false. Not the key.

4. D

   1, 2 and 3

   (d) 1, 2 and 3. Statement 1 is false, so the all-correct code fails.

Summary. Official key is (b). PNGRB is a 2006-statute gas and petroleum downstream regulator, not the first Indian regulator. It is to foster competitive gas markets. APTEL is its appellate forum. Honour (b).