STATIC QUESTIONS ::6-AUGUST-2019::POLITY GS-II

Q1. The Upper Chamber of Parliaments across the world are generally considered less powerful vis-à-vis their Lower Chamber. However, they are also vested with certain functions and powers, which enables them to play a decisive role. Critically analyse with special emphasis on India.

Q2. There are three justifications for regulatory interventions: prevention of market failure, checking anticompetitive practices and promoting public interest. In context of the above statement, critically examine the functioning of regulatory bodies in India.