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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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