Q13. Consider the following statements about Electricity Act, 2003:

1. Creation of an open market for electricity.

2. In an open market, anyone could produce power anywhere and sell it to anyone else at mutually agreed prices.

Which of the statements are correct?

a) 1 only

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b) 2 only

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c) Both 1 and 2

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d) None of the above

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Solution

The correct option is C
c) Both 1 and 2

The central idea of the Act was the creation of an open market for electricity, where anyone could produce power anywhere and sell it to anyone else at mutually agreed prices.

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Q13. Consider the following statements about Electricity Act, 2003: 1. Creation of an open market for electricity. 2. In an open market, anyone could produce power anywhere and sell it to anyone else at mutually agreed prices. Which of the statements are correct?

The correct option is C c) Both 1 and 2 The central idea of the Act was the creation of an open market for electricity, where anyone could produce power anywhere and sell it to anyone else at mutually agreed prices.

Q13. Consider the following statements about Electricity Act, 2003:

1. Creation of an open market for electricity.

2. In an open market, anyone could produce power anywhere and sell it to anyone else at mutually agreed prices.

Which of the statements are correct?

The correct option is C
c) Both 1 and 2

The central idea of the Act was the creation of an open market for electricity, where anyone could produce power anywhere and sell it to anyone else at mutually agreed prices.