Competition act was enacted in the year mcq

The Act is largely based on UK competition legislation, which is itself heavily influenced by the European Commission regime2.
The Act adopts an outcome-based approach, focusing on the economic impact of the conduct rather than the conduct itself.
It does so by focusing on the following three areas:.

The present information under section 19(1)(a) of the Competition Act, 2002 („the Act‟) was filed by Indian Exhibition Industry Association („the informant‟) against Ministry of Commerce & Industry („OP 1‟) and Indian Trade Promotion Organization („OP 2‟/ ITPO) alleging inter aliacontravention of the provisions of section 4 of the Act.

Q.25:- Office holding term and Age limit of Chairperson of Competition Commission is:

nAs a sequel to the Report of the Committee, the Competition Act, 2002 was enacted and notified in January, 2003.
Establishment of Competition Commission of India Competition Act 2002 provides for establishment .