hamburger menu
All Coursesall course arrow
adda247
reward-icon
adda247
    arrow
    arrow
    arrow
    According to Monopolies and Restrictive Trade Practices (MRTP) Act 1969, all those companies having assets worth ______ or more were called MRTP firms
    Question

    According to Monopolies and Restrictive Trade Practices (MRTP) Act 1969, all those companies having assets worth ______ or more were called MRTP firms and were subjected to several restrictions.

    A.

    ₹50 crore

    B.

    ₹25 crore

    C.

    ₹100 crore

    D.

    ₹75 crore

    Correct option is B

    Under the Monopolies and Restrictive Trade Practices (MRTP) Act, 1969, companies with assets of ₹25 crore or more were designated as MRTP firms and subjected to restrictions. This was done to curb monopolistic and restrictive trade practices, ensuring fair competition in the Indian economy.

    Explanation

    The MRTP Act was a regulatory framework aimed at preventing concentration of economic power, controlling monopolies, and ensuring consumer protection in India. It was replaced by the Competition Act, 2002, which modernized India's approach to competition policy.

    Free Tests

    Free
    Must Attempt

    PSSSB Group D Full Mock Test 1

    languageIcon English
    • pdpQsnIcon150 Questions
    • pdpsheetsIcon150 Marks
    • timerIcon150 Mins
    languageIcon English
    Free
    Must Attempt

    PSSSB Excise Inspector (Paper I) Mock Test -01

    languageIcon English
    • pdpQsnIcon50 Questions
    • pdpsheetsIcon50 Marks
    • timerIcon30 Mins
    languageIcon English
    Free
    Must Attempt

    Punjab Police Constable Paper-I & II PYP (Held on 30th July 2024 Shift 1)

    languageIcon English
    • pdpQsnIcon150 Questions
    • pdpsheetsIcon150 Marks
    • timerIcon180 Mins
    languageIcon English
    test-prime-package

    Access ‘Punjab and Haryana High Court’ Mock Tests with

    • 60000+ Mocks and Previous Year Papers
    • Unlimited Re-Attempts
    • Personalised Report Card
    • 500% Refund on Final Selection
    • Largest Community
    students-icon
    368k+ students have already unlocked exclusive benefits with Test Prime!
    Our Plans
    Monthsup-arrow