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.

Only (A)

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Only (B)

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Only (C)

No worries! We‘ve got your back. Try BYJU‘S free classes today!

All (A), (B) and (C)

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Open in App

Solution

The correct option is A All (A), (B) and (C)
Competition Commission of India is a statutory body of the Government of India responsible for enforcing The Competition Act, 2002 throughout India and to prevent activities that have an appreciable adverse effect on competition in India.
It was established on 14 October 2003.CCI consists of a Chairperson and 6 Members appointed by the Central Government.
It is the duty of the Commission to eliminate practices having adverse effect on competition, promote and sustain competition, protect the interests of consumers and ensure freedom of trade in the markets of India

Suggest Corrections

Similar questions

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

Q. Which of the following statement is true about the Competition Commission?
1. The Competition has been established to prevent practices which do not support healthy business competition.
2. The Commission will have five members including the Chairman.
3. The Commission has to ensure that the financial operation of any business entity does not get concentrated in the hands of few people.

Q24. Consider the following statements:

1. The Competition Act, 2002 prohibits anti-competitive agreements, abuse of dominant position by enterprises and regulates combinations (acquisition, acquiring of control and M&A), which causes or likely to cause an appreciable adverse effect on competition within India.

2. The objectives of the Act are sought to be achieved through the Competition Commission of India (CCI).

3. It is the duty of the Commission to eliminate practices having adverse effect on competition, promote and sustain competition, protect the interests of consumers and ensure freedom of trade in the markets of India.

Which of the above statements are correct?

Q. Q. With reference to the Competition Commission of India (CCI), which was recently in the news, consider the following statements:Which of the statements given above is/are correct?

Q. हाल ही में चर्चा में रहे भारतीय प्रतिस्पर्धा आयोग (Competition Commission of India-CCI) के संदर्भ में निम्नलिखित कथनों पर विचार कीजिए:

यह कंपनी अधिनियम, 2013 के तहत स्थापित एक वैधानिक और अर्ध-न्यायिक निकाय है।
इसका उद्देश्य उपभोक्ताओं के हितों की रक्षा करना और भारत के बाजारों में व्यापार की स्वतंत्रता सुनिश्चित करना है।
यदि कोई अधिग्रहण सौदा प्रतिस्पर्धा विरोधी है तो यह उसे रद्द करने हेतु अधिकृत है।
CCI के निर्णय को राष्ट्रीय कंपनी कानून अपीलीय न्यायाधिकरण (National Companies Law Appellate Tribunal-NCLAT) में चुनौती दी जा सकती है।

उपर्युक्त कथनों में से कौन सा/से सही है/हैं?

2, 3 and 4 only
केवल 2, 3 और 4
1 and 4 only
केवल 1 और 4
1, 2 and 3 only
केवल 1, 2 और 3
2 only
केवल 2

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

Join BYJU'S Learning Program