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Which act came into force from June 1970 to control the growth of monopoly power in India?
  • a)
    Foreign Exchange Regulation Act (FERA).
  • b)
    Industrial Policy Act.
  • c)
    Monopolies Restrictive Trade Practices (MRTP) Act.
  • d)
    Economic Power Control Act.
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Which act came into force from June 1970 to control the growth of mono...
The Monopolies Restrictive Trade Practices (MRTP) Act came into force from June 1970 to regulate and control the growth of monopoly power in India. This act focused on concentration of economic power, monopolistic trade practices, and restrictive trade practices.
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Which act came into force from June 1970 to control the growth of monopoly power in India?a)Foreign Exchange Regulation Act (FERA).b)Industrial Policy Act.c)Monopolies Restrictive Trade Practices (MRTP) Act.d)Economic Power Control Act.Correct answer is option 'C'. Can you explain this answer?
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