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Consider the following statements regarding Competition Commission of India (CCI).
1. It is a non-statutory body of the Government of India.
2. It is responsible for promoting competition throughout India and to prevent activities that have an appreciable adverse effect on competition in India.
3. It has the power to carry out investigations if any e-commerce company use their dominant position to stifle competition.
4. It promotes the policy of predatory pricing.
Which of the above statements is/are correct?
- a)1, 2, 3
- b)2, 3, 4
- c)2, 3
- d)1, 2, 3, 4
Correct answer is option 'C'. Can you explain this answer?
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Consider the following statements regarding Competition Commission of ...
Competition Commission of India is the competition regulator in India. It is a statutory body of the Government of India responsible for enforcing The Competition Act, 2002 and promoting competition throughout India and to prevent activities that have an appreciable adverse effect on competition in India.
Antitrust watchdog Competition Commission of India (CCI) recently launched an investigation into the new WhatsApp privacy policy (it allowed the platform to share metadata with parent company Facebook), even as the Ministry of Electronics and Information Technology (MeitY) has urged the Delhi High Court to restrain WhatsApp from implementing this.
In January 2020, it launched an investigation into Amazon and Flipkart for abusing their dominant positions and carrying out acquisitions with the aim to stifle competition and for using predatory pricing tactics.
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Consider the following statements regarding Competition Commission of ...
Competition Commission of India (CCI)
Therefore, statement 1 is incorrect, as CCI is a statutory body, not a non-statutory body. Statements 2 and 3 are correct, as CCI promotes competition and has the power to investigate companies that engage in anti-competitive practices. Statement 4 is incorrect, as CCI prohibits predatory pricing, which is a form of anti-competitive behavior. Hence, option C is the correct answer.
- CCI is a statutory body of the Government of India created under the Competition Act, 2002.
- It is responsible for promoting competition throughout India and preventing activities that have an appreciable adverse effect on competition in India.
- It has the power to carry out investigations if any company, including e-commerce companies, use their dominant position to stifle competition.
- CCI promotes the policy of fair competition and prohibits anti-competitive agreements, abuse of dominant position, and regulates mergers and acquisitions.
Therefore, statement 1 is incorrect, as CCI is a statutory body, not a non-statutory body. Statements 2 and 3 are correct, as CCI promotes competition and has the power to investigate companies that engage in anti-competitive practices. Statement 4 is incorrect, as CCI prohibits predatory pricing, which is a form of anti-competitive behavior. Hence, option C is the correct answer.
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Consider the following statements regarding Competition Commission of India (CCI).1. It is a non-statutory body of theGovernment of India.2. It is responsible for promotingcompetitionthroughout India and to prevent activities that have an appreciable adverse effect on competition in India.3. It has the power to carry out investigations if any e-commerce company use their dominant position to stifle competition.4. It promotes the policy of predatory pricing.Which of the above statements is/are correct?a)1, 2, 3b)2, 3, 4c)2, 3d)1, 2, 3, 4Correct answer is option 'C'. Can you explain this answer?
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Consider the following statements regarding Competition Commission of India (CCI).1. It is a non-statutory body of theGovernment of India.2. It is responsible for promotingcompetitionthroughout India and to prevent activities that have an appreciable adverse effect on competition in India.3. It has the power to carry out investigations if any e-commerce company use their dominant position to stifle competition.4. It promotes the policy of predatory pricing.Which of the above statements is/are correct?a)1, 2, 3b)2, 3, 4c)2, 3d)1, 2, 3, 4Correct answer is option 'C'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about Consider the following statements regarding Competition Commission of India (CCI).1. It is a non-statutory body of theGovernment of India.2. It is responsible for promotingcompetitionthroughout India and to prevent activities that have an appreciable adverse effect on competition in India.3. It has the power to carry out investigations if any e-commerce company use their dominant position to stifle competition.4. It promotes the policy of predatory pricing.Which of the above statements is/are correct?a)1, 2, 3b)2, 3, 4c)2, 3d)1, 2, 3, 4Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding Competition Commission of India (CCI).1. It is a non-statutory body of theGovernment of India.2. It is responsible for promotingcompetitionthroughout India and to prevent activities that have an appreciable adverse effect on competition in India.3. It has the power to carry out investigations if any e-commerce company use their dominant position to stifle competition.4. It promotes the policy of predatory pricing.Which of the above statements is/are correct?a)1, 2, 3b)2, 3, 4c)2, 3d)1, 2, 3, 4Correct answer is option 'C'. Can you explain this answer?.
Consider the following statements regarding Competition Commission of India (CCI).1. It is a non-statutory body of theGovernment of India.2. It is responsible for promotingcompetitionthroughout India and to prevent activities that have an appreciable adverse effect on competition in India.3. It has the power to carry out investigations if any e-commerce company use their dominant position to stifle competition.4. It promotes the policy of predatory pricing.Which of the above statements is/are correct?a)1, 2, 3b)2, 3, 4c)2, 3d)1, 2, 3, 4Correct answer is option 'C'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about Consider the following statements regarding Competition Commission of India (CCI).1. It is a non-statutory body of theGovernment of India.2. It is responsible for promotingcompetitionthroughout India and to prevent activities that have an appreciable adverse effect on competition in India.3. It has the power to carry out investigations if any e-commerce company use their dominant position to stifle competition.4. It promotes the policy of predatory pricing.Which of the above statements is/are correct?a)1, 2, 3b)2, 3, 4c)2, 3d)1, 2, 3, 4Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding Competition Commission of India (CCI).1. It is a non-statutory body of theGovernment of India.2. It is responsible for promotingcompetitionthroughout India and to prevent activities that have an appreciable adverse effect on competition in India.3. It has the power to carry out investigations if any e-commerce company use their dominant position to stifle competition.4. It promotes the policy of predatory pricing.Which of the above statements is/are correct?a)1, 2, 3b)2, 3, 4c)2, 3d)1, 2, 3, 4Correct answer is option 'C'. Can you explain this answer?.
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