Which of the following is not regulated by the ‘Competition Act, 2002’?

Correct option is C

The Competition Act, 2002 was enacted to promote and sustain fair competition in markets, protect consumer interests, and ensure freedom of trade. It regulates anti-competitive practices such as:
· Predatory pricing (selling below cost to eliminate competitors),
· Abuse of dominant position, and
· Anti-competitive agreements like cartels, bid-rigging, and price-fixing.
However, Medical Negligence does not fall under the purview of the Competition Act. Medical negligence is governed under the Consumer Protection Act (CPA), 2019, and other healthcare-related regulations. It involves deficiency in service by medical professionals and has no connection with market competition practices.
Hence, the correct answer is (c) Medical Negligence.
Information Booster
1. The Competition Commission of India (CCI) is the statutory body responsible for enforcing the Competition Act.
2. The Act replaced the earlier MRTP Act, 1969.
3. It covers three main areas: Anti-competitive agreements, Abuse of dominant position, and Regulation of combinations (mergers & acquisitions).
4. Penalties under the Act can be severe, including fines up to 10% of turnover.
5. The Act promotes market efficiency, innovation, and consumer welfare.
Additional Information
· (a) Predatory Pricing: Specifically prohibited under Section 4 of the Competition Act as an abusive practice.
· (b) Abuse of Dominant Position: Highly regulated; includes unfair pricing, limiting supply, and restricting market access.
· (d) Anti-Competitive Agreement: Regulated under Section 3; covers cartels, collusive bidding, and market allocation.