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Washington Consensus

Act restricte...

Question

________ Act restricted trade monopolies in India before CCI

A

FERA

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B

MRTP

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Solution

The correct option is B
MRTP
The Monopolistic and Restrictive Trade Practices Act, 1969, was enacted to ensure that the operation of the economic system does not result in the concentration of economic power in hands of few to provide for the control of monopolies, and to prohibit monopolistic and restrictive trade practices.

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Similar questions

Q. Which of the following is/are true about the Competition Commission of India (CCI)?
(A) CCI is a regulatory body having quasi-judicial structure.
(B) It has been established to replace old Monopolies and Restrictions Trade Practices Act.
(C) Its main objective is to create a healthy environment in corporate world.

Q. Assertion (A): The Monopolies and Restrictive Trade Practices Commission could not protect consumers from exploitation by medium- and small-scale industries and traders.

Reason (R): The Government of India introduced the Consumer Protection Act in 1986.

Q. The _________________ has repealed and replaced the Monopolies and Restrictive Trade Practices Act, 1969.

Which Act related to promoting and sustaining competition in the market has replaced the Monopolies and Restrictive Trade Practices Act, 1969?

Q. Being a member of General Agreement on Tariffs and Trade or GATT, India lifted all restrictions on international trade.

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