In this article, we are providing you PPT on Competition Act 2002 which will help you to understand Competition Act 2002 MCQ pdf with Answers multiple choice questions
PPT on Competition Act 2002
Questions and Answers
1) When did Competition Act come into existence?
Answer – 31 March 2003
2) In which year was the Competition Act implemented in place of the MRTP Act?
Answer – 2009 – The Monopolies and Restrictive Trade Practices Act, 1969 is replaced by the Competition Act, 2002
3) Which section of the Competition Act, 2002 deals with the Selection Committee for Chairperson and Members of Commission
Answer – section 9 of the Competition Act, 2002
4) Which ministry of the government of India established the Competition Commission of India?
Answer – Ministry of Corporate Affairs
5) Who is the current chairman of the Competition Commission of India?
Answer – Ashok Kumar Gupta
6) What is the tenure of the Competition Commission of India (CCI) chairman is?
Answer – The tenure of CCI chairman is five years or till the age of 65 years.
PPT on Competition Act 2002
7) Which section of the Competition Act, 2002 deals with the Acts taking place outside India but having an effect on competition in India
Answer – section 32 of the Competition Act, 2002
8) Which section of the Competition Act, 2002 deals with Penalty for failure to comply with directions of Commission and Director-General
Answer – section 43 of the Competition Act, 2002
9) Which section of the Competition Act, 2002 deals with Appellate Tribunal
Answer – section 53A of the Competition Act, 2002
10) Which section of the Competition Act, 2002 deals with Salary and allowances and other terms and conditions of service of Chairperson and other Members
Answer – section 14 of the Competition Act, 2002
11) Which section of the Competition Act, 2002 deals with power to impose a penalty for non-furnishing of information on combinations
Answer – section 43A of the Competition Act, 2002