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Restrictive Trade Practices Quiz

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What was the purpose of the erstwhile Monopolies and Restrictive Trade Practices Act in India?

To regulate foreign trade practices

To support the dominance of a few firms

To prevent concentration of economic power (correct)

To encourage the growth of monopolies

What is the potential consequence of a firm attaining a monopoly or dominant position?

Enhancing product quality for consumers

Increasing competition in the market

Ensuring lower prices for consumers

Imposing higher prices on consumers (correct)

Which regulatory body replaced the Monopolies and Restrictive Trade Practices Act in India?

Monopoly Control Authority

Market Dominance Oversight Committee

Economic Power Regulation Board

Competition Commission of India (correct)

Restrictive Trade Practices Quiz

Choose a study mode

Podcast

Questions and Answers

What was the purpose of the erstwhile Monopolies and Restrictive Trade Practices Act in India?

What is the potential consequence of a firm attaining a monopoly or dominant position?

Which regulatory body replaced the Monopolies and Restrictive Trade Practices Act in India?

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