MCQ on competition act with answers

In this article, we are providing you MCQ on competition act with answers which will help you to understand the Competition Act, 2002 MCQ pdf with Answers multiple-choice questions

MCQs on the Competition Act, 2002

1) When did the Competition Act, 2002, come into force?

A) 01 April 2004
B) 31 March 2003
C) 01 May 2002
D) 23 April 2003

Answer –B) 31 March 2003

2) Which section of the Competition Act, 2002 deals with the Selection Committee for Chairperson and Members of competition Commission of India ?

A. Section 12 of the Competition Act, 2002
B. Section 9 of the Competition Act, 2002
C. Section 14 of the Competition Act, 2002
D. Section 20 of the Competition Act, 2002

Answer B. Section 9 of the Competition Act, 2002

3. Which section of the Competition Act, 2002 deals with Compensation in case of contravention of orders of Commission_?

A. Section 42A of the Competition Act, 2002
B. Section 44 of the Competition Act, 2002
C. Section 43 of the Competition Act, 2002
D. Section 41 of the Competition Act, 2002

Answer – A. Section 42 A of the Competition Act, 2002

4. Section 29 of the Competition Act, 2002 deals with_______?

A. Power to issue interim orders
B. Procedure for investigation of combinations
C..Inquiry into combination by commission
D. Rectification of orders

Ans- B. Procedure for investigation of combinations

5.Inquiry into certain agreements and dominant position of enterprise, is provided in section____ of the Competition Act, 2002

A. Section 14 of the Competition Act, 2002
B. Section 12 of the Competition Act, 2002
C. Section 19 of the Competition Act, 2002
D. Section 23 of the Competition Act, 2002

Ans- C. Section 19 of the Competition Act, 2002

MCQ on competition act with answers

6. Section 36 of the Competition Act, 2002 provides _?

A.Power of Commission to regulate its own procedure
B. Procedure for inquiry under section 19
C.Appearance before Commission
D.Meetings of Commission

Ans A.Power of Commission to regulate its own procedure

MCQ on the Competition Act, 2002 with answers pdf

7. Which section of the Competition Act, 2002 deals withPenalty for failure to comply with directions of Commission and Director-General ?

A. Section 47 of the Competition Act, 2002
B. Section 44 of the Competition Act, 2002
C. Section 43 of the Competition Act, 2002
D. Section 49 of the Competition Act, 2002

Answer – C. Section 43 of the Competition Act, 2002

8. Section 12 of the Competition Act, 2002 deals with_______?

A. Restriction on employment of Chairperson and other Members in certain cases
B. Composition of Commission
C. Appointment of Director General,
D. Establishment of Commission

Ans- A. Restriction on employment of Chairperson and other Members in certain cases

9) Which section of the Competition Act, 2002 deals with the Power of the Central Government to supersede Commission?

A. Section 57 of the Competition Act, 2002
B. Section 56 of the Competition Act, 2002
C. Section 54 of the Competition Act, 2002
D. Section 55 of the Competition Act, 2002

Answer B. Section 56 of the Competition Act, 2002

10) Section 31 of the Competition Act, 2002 deals with_______?

A. Appearance before Commission
B. Inquiry into combination by commission
C. Orders of Commission on certain combinations
D. Rectification of orders

Answer- C. Deductions for damage or loss.