Recently, Competition Commission of India (CCI) was selected to host International Competition Network (ICN) 2018 Annual Conference. Consider the following statements regarding Competition Commission of India:1) It is responsible for enforcing the Competition Act, 2002 throughout India2) It consists of a Chairperson and 6 Members appointed by each state Government.3) Its objective is to prevent activities that have an appreciable adverse effect on competition in India.Choose the correct statements:a)Only 1b)Only 1 and 3c)Only 3d)All of the aboveCorrect answer is option 'B'. Can you explain this answer?

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1) It is responsible for enforcing the Competition Act, 2002 throughout India
2) It consists of a Chairperson and 6 Members appointed by each state Government.
3) Its objective is to prevent activities that have an appreciable adverse effect on competition in India.

Choose the correct statements:

a)
Only 1
b)
Only 1 and 3
c)
Only 3
d)
All of the above

Correct answer is option 'B'. Can you explain this answer?

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Recently, Competition Commission of India (CCI) was selected to host I...

Competition Commission of India’s goal is to create and sustain fair competition in the economy that will provide a level playing field to the producers. The objectives of the Competition Act, 2002 are sought to be achieved through the Competition Commission of India (CCI), which has been established by the Central Government.
CCI consists of a Chairperson and 6 Members appointed by the Central Government. The Commission is also required to give opinion on competition issues on a reference received from a statutory authority established under any law and to undertake competition advocacy, create public awareness and impart training on competition issues.

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Recently, Competition Commission of India (CCI) was selected to host International Competition Network (ICN) 2018 Annual Conference. Consider the following statements regarding Competition Commission of India:1) It is responsible for enforcing the Competition Act, 2002 throughout India2) It consists of a Chairperson and 6 Members appointed by each state Government.3) Its objective is to prevent activities that have an appreciable adverse effect on competition in India.Choose the correct statements:a)Only 1b)Only 1 and 3c)Only 3d)All of the aboveCorrect answer is option 'B'. Can you explain this answer?

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