hamburger menu
All Coursesall course arrow
adda247
reward-icon
adda247
    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
    354k+ students have already unlocked exclusive benefits with Test Prime!
    Our Plans
    Monthsup-arrow