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With reference to the Competition Commission of India, consider the following statements:
  1. It was established under the Competition Act, of 2002.
  2. The Commission consists of one Chairperson and six Members who shall be appointed by the Central Government.
Which of the statements given above is/are correct?
  • a)
    1 Only
  • b)
    2 Only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
With reference to the Competition Commission of India, consider the fo...
Recently, the National Company Law Appellate Tribunal (NCLAT) upheld the ₹1,337 crore fines imposed on Google by the Competition Commission of India (CCI).
  • The Competition Commission of India (CCI) was established in March 2009 by the Government of India under the Competition Act, 2002 for the administration, implementation, and enforcement of the Act.
  • It is a quasi-judicial body which gives opinions to statutory authorities and also deals with other cases.
  • Composition of the CCI
    • The Commission consists of one Chairperson and six Members who shall be appointed by the Central Government.
    • The Chairperson and other Members shall be whole-time Members
Hence both statements are correct.
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With reference to the Competition Commission of India, consider the following statements: It was established underthe Competition Act, of 2002. The Commission consists of one Chairperson and six Members who shall be appointed by the Central Government.Which of the statements given above is/are correct?a)1 Onlyb)2 Onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
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