New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Consider the following statements regarding Competition

    Commission of India (CCI).   1) It is responsible for promoting competition throughout India and to prevent activities that have an appreciable adverse effect on competition in India. 2) It has the power to carry out investigations if any e-commerce company use their dominant position to stifle competition. 3) It investigates predatory pricing.   Which of the above statements is/are correct?
    A 1 and 2 only Correct Answer Incorrect Answer
    B 2 and 3 only Correct Answer Incorrect Answer
    C 1 and 3 only Correct Answer Incorrect Answer
    D 2 only Correct Answer Incorrect Answer
    E All of the above Correct Answer Incorrect Answer

    Solution

    Competition Commission of India is the competition regulator in India. It is a statutory body of the Government of India responsible for enforcing The Competition Act, 2002 and promoting competition throughout India and to prevent activities that have an appreciable adverse effect on competition in India. Antitrust watchdog Competition Commission of India (CCI) recently launched an investigation into the new WhatsApp privacy policy (it allowed the platform to share metadata with parent company Facebook), even as the Ministry of Electronics and Information Technology (MeitY) has urged the Delhi High Court to restrain WhatsApp from implementing this. In January 2020, it launched an investigation into Amazon and Flipkart for abusing their dominant positions and carrying out acquisitions with the aim to stifle competition and for using predatory pricing tactics.

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