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

    Question

    Consider the following statements about “Competition

    Commission of India (CCI)”: I. The commission is a quasi-judicial body. II. CCI consists of a chairperson and 6 members appointed by the Central Government. III. The Chairperson and other Members shall be temporary Members. Which of the statements given above is/are not correct?
    A I only Correct Answer Incorrect Answer
    B II only Correct Answer Incorrect Answer
    C III only Correct Answer Incorrect Answer
    D I and II only Correct Answer Incorrect Answer
    E II and III only Correct Answer Incorrect Answer

    Solution

    The Competition Commission of India (CCI) was established in March 2009 by the Government of India under the Competition Act, 2002 for the administration, implementation, and enforcement of the Act. Statement I is correct - A quasi-judicial body is “an organ of Government other than a Court or Legislature, which affects the rights of private parties either through adjudication or rulemaking. Statement II is correct - The Commission consists of one Chairperson and six Members who shall be appointed by the Central Government. Statement II is not correct - The Chairperson and other Members shall be whole-time Members.

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