Which one of the following is not correct relating to competition policy and law?
A. Collusion and dominance have potential for unfair competition
B. The appeal against decisions of competition commission of India can be made to the competition Appellate Tribunal
C. State monopolies, government's business policies and functioning of regulatory authorities cannot be scrutinised under this law
D. Abuse of dominance rather than dominance should be the key for competition policy law
Answer: Option C
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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