Official Answer Key & Detailed Solution
Ready to check the official UPSC Answer Key?
Click any option above to test yourself under exam conditions, or reveal the explanation directly.
Correct Answer: Option (A) — 1 and 2 only
Concept & Option Breakdown
Standard Reference VerifiedStatement 1 is correct: The Administered Pricing Mechanism (APM) and the Oil Pool Account were officially dismantled on April 1, 2002. Statement 2 is correct: Following the dismantling of the APM, targeted subsidies on PDS kerosene and domestic LPG were transferred to be funded directly through the Union Budget via the Consolidated Fund of India. Statement 3 is incorrect: The Dr. R.A. Mashelkar Committee recommended the nationwide implementation of Bharat Stage-II norms by April 1, 2005 (not April 1, 2004).
Practice Full-Length & Sectional Prelims Mocks on this Interface
50 simulated tests in the APT Prelims Test Series (₹1,493) or 1-on-1 Mentorship with Avinash Sir.