Independent Regulatory Bodies — Prelims Questions

Consider the following statements about independent regulatory bodies in India: 1. They can exercise quasi-judicial powers within their sectoral mandate 2. Their decisions cannot be challenged in courts 3. They are directly accountable to the Prime Minister 4. They operate with functional autonomy from government ministries Which of the statements given above are correct?

Which of the following regulatory bodies was established first?

The concept of 'regulatory capture' refers to:

Consider the following pairs: Regulatory Body - Governing Act 1. SEBI - SEBI Act, 1992 2. TRAI - TRAI Act, 1997 3. CCI - Competition Act, 2002 4. IRDAI - IRDA Act, 1999 Which of the pairs given above are correctly matched?

Which of the following best describes the 'independence' of regulatory bodies?