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Direction: In the questions given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct?
Assertion (A): The objective of the Competition Act is to promote monopoly.
Reason (R): The Competition Act helps the market to maintain the prices at the justified level.
  • a)
    Both A and R are true and R is the correct explanation of A
  • b)
    Both A and R are true, but R is not the correct explanation of A
  • c)
    A is true, but R is false
  • d)
    A is false, but R is true
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Direction: In the questions given below are two statements labelled a...
The main objectives of the Competition Act, 2002 are: to prevent monopolies and to promote competition in the market. to protect the freedom of trade for the participating individuals and entities in the market. to protect the interest of the consumer.
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Direction: In the questions given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct?Assertion (A): The objective of the Competition Act is to promote monopoly.Reason (R): The Competition Act helps the market to maintain the prices at the justified level.a)Both A and R are true and R is the correct explanation of Ab)Both A and R are true, but R is not the correct explanation of Ac)A is true, but R is falsed)A is false, but R is trueCorrect answer is option 'D'. Can you explain this answer?
Question Description
Direction: In the questions given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct?Assertion (A): The objective of the Competition Act is to promote monopoly.Reason (R): The Competition Act helps the market to maintain the prices at the justified level.a)Both A and R are true and R is the correct explanation of Ab)Both A and R are true, but R is not the correct explanation of Ac)A is true, but R is falsed)A is false, but R is trueCorrect answer is option 'D'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Direction: In the questions given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct?Assertion (A): The objective of the Competition Act is to promote monopoly.Reason (R): The Competition Act helps the market to maintain the prices at the justified level.a)Both A and R are true and R is the correct explanation of Ab)Both A and R are true, but R is not the correct explanation of Ac)A is true, but R is falsed)A is false, but R is trueCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Direction: In the questions given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct?Assertion (A): The objective of the Competition Act is to promote monopoly.Reason (R): The Competition Act helps the market to maintain the prices at the justified level.a)Both A and R are true and R is the correct explanation of Ab)Both A and R are true, but R is not the correct explanation of Ac)A is true, but R is falsed)A is false, but R is trueCorrect answer is option 'D'. Can you explain this answer?.
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