Consider the following statements regarding National Pharmaceutical Pricing Authority 1 nb...........

Economic Affairs Industrial sectors

Consider the following statements regarding National Pharmaceutical Pricing Authority:

1. This organization is formed to fix/ revise the prices of controlled bulk drugs and formulations and to enforce prices and availability of the medicines in the country, under the Drugs (Prices Control) Order, 1995.

2 The organization is also entrusted with the task of recovering amounts overcharged by manufacturers for the controlled drugs from the consumers.

Correct Code:

1 only

2 only

Both 1 and 2

Neither 1 nor 2

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Explanation:

About National Pharmaceutical Pricing Authority (NPPA):

NPPA is an organization of the Government of India which was established, inter alia, to fix/ revise the prices of controlled bulk drugs and formulations and to enforce prices and availability of the medicines in the country, under the Drugs (Prices Control) Order, 1995.
The organization is also entrusted with the task of recovering amounts overcharged by manufacturers for the controlled drugs from the consumers.
It also monitors the prices of decontrolled drugs in order to keep them at reasonable levels.