What was the main task of the Monopolies Inquiry Commission appointed in the 1960s?

To investigate cases of product-wise concentration in the public sector.

To enquire into the existence of economic power in the agricultural sector.

To study the growth of monopoly power in the organized private sector.

To examine the impact of foreign collaboration on economic growth.

Which of the following is NOT mentioned as a factor contributing to the growth of economic power through monopolistic practices?

Intercorporate investment of funds.

Expansion of the public sector.

According to the Monopolies Inquiry Commission, what did concentration of economic power foster?

Economic growth and increased capital formation.

Which act came into force from June 1970 to control the growth of monopoly power in India?

Foreign Exchange Regulation Act (FERA).

Monopolies Restrictive Trade Practices (MRTP) Act.

Which provision requires large business houses to seek government permission for expansion, merger, or starting new undertakings?

Concentration of Economic Power.

What is the purpose of the MRTP Amendment Bill 1983?

To promote foreign collaboration in Indian industries.

To protect consumers from misleading advertisements and unfair practices.

To nationalize the top 20 monopoly houses.

Which measure involves the development of small-scale industries to curb the growth of monopoly power?

Foreign Exchange Regulation Act (FERA).

Expansion of the public sector.

Regulation of financial resources flow.

Vigorous promotion of village and small industries.

Why does the text suggest that nationalizing the top 20 monopoly houses might not be a suitable solution?

Nationalization is against the concept of mixed economy.

Nationalization hampers foreign collaboration.

Nationalization lacks government control.

Nationalization would lead to corruption.

Measures to Control Monopoly in India - 2 Free MCQ Practice Test with Solutions

	Indian Economy 46 videos\|48 docs\|23 tests

	Indian Economy 46 videos\|48 docs\|23 tests

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