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Business Studies

Important Laws

Which Act rel...

Question

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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Solution

The Competition Act, 2002 is related to promoting and sustaining competition in the market has replaced the Monopolies and Restrictive Trade Practices Act, 1969.

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Q. The _________________ has repealed and replaced the Monopolies and Restrictive Trade Practices Act, 1969.

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.  When was the Monopolies and Restrictive Trade Practices Act passed?

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. ________ Act restricted trade monopolies in India before CCI

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