Which of the following are not the objectives of Competition Act, 2002? 1. Ensure freedom of trade for…
According to the Preamble and Section 18 of the Competition Act, 2002, the Act aims to prevent practices having adverse effect on competition, promote and sustain…
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Which of the following are not the objectives of Competition Act, 2002?
1. Ensure freedom of trade for other participants in incidental and connected markets.
2. Provide a reasonable level of reliability and connect operation.
3. Adhere to generally accepted security procedures.
4. Protect the interests of consumer
Answer and explanation
Correct answer D
According to the Preamble and Section 18 of the Competition Act, 2002, the Act aims to prevent practices having adverse effect on competition, promote and sustain competition, protect the interests of consumers (4), and ensure freedom of trade carried on by other participants in markets in India (1). Statements 2 and 3 pertain to digital signature reliability and security procedures under the Information Technology Act, 2000.
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UGC NET Commerce