Regulatory Bodies

Why it matters

• They bridge the gap between policy formulation and ground-level implementation by providing technical expertise in complex domains.
• They act as quasi-judicial authorities to resolve disputes between market participants, reducing the burden on the traditional court system.
• They maintain market integrity and public trust by setting operational standards and penalizing non-compliance.

How it is asked

Focus on the balance between regulatory autonomy and executive accountability, the separation of powers in administrative law, and the impact of regulatory independence on ease of doing business.