The _________________ has repealed and replaced the Monopolies and Restrictive Trade Practices Act, 1969.

Contract Act, 1982

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Competition Act, 2002

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Prevention of Food Adulteration Act, 1954

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Standards of Weights and Measures Act, 1976

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Solution

The correct option is B Competition Act, 2002
The Competition Act, 2002 has repealed and replaced the Monopolies and Restrictive Trade Practices Act, 1969. This Act was enacted to govern the Indian competition Law. It is established by the Indian Parliament and is applicable to the whole of India.

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

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