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.