BUSINESS ADMINISTRATION
BUSINESS LAW
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
statutes
|
|
|
constitutions
|
|
|
regulations
|
|
|
precedents
|
Detailed explanation-1: -regulatory agency, independent governmental body established by legislative act in order to set standards in a specific field of activity, or operations, in the private sector of the economy and then to enforce those standards.
Detailed explanation-2: -Regulatory agencies serve two primary functions in government: they implement laws and they enforce laws. Regulations are the means by which a regulatory agency implements laws enacted by the legislature.
Detailed explanation-3: -In a regulatory or supervisory role, a Regulatory Authority of India is a public entity or governmental body accountable for exercising independent control over specific areas of human activity. They are in place to ensure that safety and norms are adhered to.