📝 Multiple Choice Question
Economics
Which of the following statements is/are true with respect to MRTP Act? rural i) The Monopolies and Restrictive Trade Practices Act (MRTP Act) was repealed and replaced by the Competition Act, 2002. ii) The asset limit for MRTP companies was fixed at Rs. 25 crores by the first/original Monopolies and Restrictive Trade Practices Act (MRTP Act). iii) The Monopolies and Restrictive Trade Practices Act (MRTP Act) was first passed in 1969.
A
Only i and iii
B
Only ii and iii
C
Only iii
D
Only i and ii
Explanation
The MRTP Act of 1969 was effectively replaced by the modern Competition Act of 2002 to shift India's regulatory focus from merely restricting monopolies to actively promoting competition.
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