The Monopolies and Restrictive Trade Practices (MRTP) Act was introduced during the ______ Five-Year Plan period.
Show answer & explanation
Correct answer: C
Explanation
Correct Answer
Fourth
Explanation
The Monopolies and Restrictive Trade Practices (MRTP) Act, 1969 was introduced to prevent the concentration of economic power and to control monopolistic and restrictive trade practices. The Act was enacted during the Fourth Five-Year Plan (1969–74) period.
Key Points
• The MRTP Act was passed in 1969.
• Its objective was to prevent the concentration of economic power.
• It was designed to regulate monopolistic and restrictive trade practices.
• The Act was introduced during the Fourth Five-Year Plan (1969–74).
Additional Facts
• The MRTP Act was India's first major anti-monopoly legislation.
• It was replaced by the Competition Act, 2002.
• The Competition Commission of India (CCI) currently regulates competition-related matters.
Important Questions
Question: In which year was the MRTP Act enacted?
Answer: 1969.
Question: Which Act replaced the MRTP Act?
Answer: The Competition Act, 2002.