Consider the following statements regarding Competition Commission of India (CCI).
1. It is a constitutional body.
2. It has objective of eliminating practices having an adverse effect on competition.
Identify the correct statements.
A. Only 1
B. Only 2
C. Both 1 and 2
D. None of the above
Answer: Option B
Related Questions on Legal Aspects of Business
A. 5 years imprisonment or 5 lakh rupees penalty or both
B. Life imprisonment
C. 3 years imprisonment or 2 lakh rupees penalty or both
D. None of the above
A. Proposal
B. Promise
C. Contract
D. None of these
What aspect of a patented product is tested by PCT?
A. Priority
B. Novelty
C. Exclusivity
D. Commercial value
The Competition Act, 2002 seeks to regulate
A. Anti-competitive agreements
B. Mergers and amalgamation
C. Unfair trade practices
D. Both A and B
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