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.