Q. Consider the following statements regarding the National Anti-Profiteering Authority (NAA):

1. The authority is headed by the Union Finance Minister.
2. The authority aims to ensure that the benefits of input tax credits and reduced GST rates are passed on to consumers.

Select the correct option from the codes given below:
Answer: Only 2
Notes: The National Anti-Profiteering Authority (NAA) is headed by a senior officer of the rank of Secretary to the Government of India, not the Finance Minister. Its primary purpose is to ensure that the reduction in GST rates and the benefits of input tax credits are passed on to consumers through commensurate reduction in prices.