Step 1: Understanding the Concept:
The Central Drugs Standard Control Organization (CDSCO) is the national regulatory authority for cosmetics, pharmaceuticals, and medical devices in India.
Step 2: Detailed Explanation:
1. Core Functions: CDSCO is responsible for the approval of new drugs, conduct of clinical trials, setting standards for drugs, and controlling the quality of imported drugs.
2. DCGI: The Drug Controller General of India (DCGI) heads the CDSCO and acts as the central licensing authority.
3. Others: Price fixation (Option A) is done by NPPA. Pharmacy education and registration (Options C and D) are handled by the PCI and State Pharmacy Councils.
Step 3: Final Answer:
CDSCO is the apex body at the central level responsible for the regulatory oversight and approval of medicines in India.