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Questions and Answers
What does the Competition Act, 2002 focus on regulating?
What does the Competition Act, 2002 focus on regulating?
- Commercial competition (correct)
- Consumer rights
- Monopolies
- Trade practices
Which agreements are prohibited under Section 3 of the Competition Act?
Which agreements are prohibited under Section 3 of the Competition Act?
- Agreements causing appreciable adverse effects on competition (correct)
- Agreements related to export-import businesses
- Only written agreements
- Agreements between large corporations
What is the implication of an agreement that violates Section 3 of the Competition Act?
What is the implication of an agreement that violates Section 3 of the Competition Act?
- The parties are fined heavily
- The agreement is renegotiated
- The agreement is deemed void (correct)
- The parties are imprisoned
Which of the following may be presumed to have an appreciable adverse effect on competition?
Which of the following may be presumed to have an appreciable adverse effect on competition?
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What did the Competition Act, 2002 replace?
What did the Competition Act, 2002 replace?
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