arrow
arrow
arrow
All sums realised by way of penalties under the Competition Act, 2002 are credited to:
Question

All sums realised by way of penalties under the Competition Act, 2002 are credited to:

A.

Competition Fund

B.

Consolidated Fund of India

C.

Finance Account of Ministry of Commerce

D.

PM Relief Fund

Correct option is B

The correct answer is: (b) Consolidated Fund of India

Explanation:

  • As per Section 47 of the Competition Act, 2002, all sums realised by way of penalties and recovery of legal costs by the Competition Commission of India under this Act are credited to the Consolidated Fund of India.
  • This ensures that the penalties collected do not remain with the Commission but are instead transferred to the central government’s main fund, from which all government expenditures are made.

Free Tests

Free
Must Attempt

Basics of Education: Pedagogy, Andragogy, and Hutagogy

languageIcon English
  • pdpQsnIcon10 Questions
  • pdpsheetsIcon20 Marks
  • timerIcon12 Mins
languageIcon English
Free
Must Attempt

UGC NET Paper 1 Mock Test 1

languageIcon English
  • pdpQsnIcon50 Questions
  • pdpsheetsIcon100 Marks
  • timerIcon60 Mins
languageIcon English
Free
Must Attempt

Basics of Education: Pedagogy, Andragogy, and Hutagogy

languageIcon English
  • pdpQsnIcon10 Questions
  • pdpsheetsIcon20 Marks
  • timerIcon12 Mins
languageIcon English

Similar Questions

test-prime-package

Access ‘UGC NET LAW’ Mock Tests with

  • 60000+ Mocks and Previous Year Papers
  • Unlimited Re-Attempts
  • Personalised Report Card
  • 500% Refund on Final Selection
  • Largest Community
students-icon
383k+ students have already unlocked exclusive benefits with Test Prime!
Our Plans
Monthsup-arrow