Podcast
Questions and Answers
What is the maximum number of members in the Competition Commission of India?
What is the maximum number of members in the Competition Commission of India?
- Six (correct)
- Eight
- Five
- Seven
What happens if a combination causes an appreciable adverse effect on competition within the relevant market in India?
What happens if a combination causes an appreciable adverse effect on competition within the relevant market in India?
- The Competition Commission of India advises the Indian government on the matter
- The parties concerned are rewarded with incentives
- The combination is void (correct)
- The combination is considered valid
What is the responsibility of the Competition Commission of India under the Competition Act 2002?
What is the responsibility of the Competition Commission of India under the Competition Act 2002?
- To enter into contracts and bring legal action against violators only
- To solely uphold and advance consumer interests
- To provide advice to the Indian government on matters related to economic competition and to raise public awareness of the problem (correct)
- To restrict the freedom of trade of other market players
What is the primary objective of the Competition Act 2002?
What is the primary objective of the Competition Act 2002?
What replaced the old MRTP Act?
What replaced the old MRTP Act?
What is the objective of the Competition Commission of India?
What is the objective of the Competition Commission of India?
What is the purpose of the Competition Act 2002 with respect to market competition?
What is the purpose of the Competition Act 2002 with respect to market competition?
What is the role of the Competition Commission of India in case of contract violations?
What is the role of the Competition Commission of India in case of contract violations?
What is the main objective of the Competition Act 2002 with respect to consumer rights?
What is the main objective of the Competition Act 2002 with respect to consumer rights?
What is the purpose of the Competition Act 2002 with respect to trade of other market players?
What is the purpose of the Competition Act 2002 with respect to trade of other market players?
