Practice

Unlimited, untimed. Explanations right after.

Consider the following pairs regarding the drug price regulation framework in India under the Drugs (Prices Control) Order (DPCO) and the National Pharmaceutical Pricing Authority (NPPA):

Pairs

  1. Scheduled formulations — Subject to ceiling prices fixed by NPPA; trade margin capped at 16% over the manufacturer's price
  2. Non-scheduled formulations — Prices not directly fixed by NPPA; subject to Trade Margin Rationalisation (TMR) when NPPA intervenes in public interest
  3. Trade Margin Rationalisation (TMR) — A mechanism that fixes the Maximum Retail Price by directly controlling the manufacturer's ex-factory cost rather than the trade margin in the supply chain

Which of the pairs given above is/are correctly matched?

Options