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Question

MRTP is related to ___________.

A
monopoly and trade restrictions
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B
inflation control
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C
transport control
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D
foreign exchange regulations
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Solution

The correct option is B monopoly and trade restrictions

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.

The MRTP Act extends to the whole of India except Jammu and Kashmir.


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