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The MRTP Act of 1969 aimed at:
Question

The MRTP Act of 1969 aimed at:

A.

Promoting monopolies in key industries

B.

Promoting free trade agreements

C.

Regulating and controlling monopolistic and restrictive trade practices

D.

Encouraging foreign direct investment

Correct option is C

The correct answer is (c) Regulating and controlling monopolistic and restrictive trade practices.
· The Monopolies and Restrictive Trade Practices (MRTP) Act of 1969 was enacted in India with the primary objective of preventing the concentration of economic power in a few hands and ensuring that monopolistic and restrictive trade practices do not harm consumer interests.
· The Act aimed to regulate monopolies, prevent unfair trade practices, and control restrictive business activities that could stifle competition.
Information Booster:
· The MRTP Act was replaced by the Competition Act of 2002, which aimed to further promote fair competition and regulate anti-competitive practices in India.

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