The Competition Act 2002 provides for which of the following? A. Establishment of a Commission to…
The Competition Act, 2002 establishes a Commission to prevent anti-competitive practices, promote and sustain competition, protect consumers' interests and ensure freedom of…
Choose your answer
The Competition Act 2002 provides for which of the following?
A. Establishment of a Commission to prevent practices having an effect on competition.
B. To promote and sustain competition in markets.
C. To protect the interests of consumers.
D. To ensure freedom of trade carried on by other participants in the markets.
E. To establish NCLT and NCLAT to decide various matters.
Answer and explanation
Correct answer D
The Competition Act, 2002 establishes a Commission to prevent anti-competitive practices, promote and sustain competition, protect consumers' interests and ensure freedom of trade, giving "A, B, C, and D only." It does not establish the NCLT and NCLAT, which are creatures of the Companies Act.
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