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    Question

    Which Act was repealed and replaced by the Competition

    Act, 2002?
    A Monopolies and Restrictive Trade Practices Act, 1969 Correct Answer Incorrect Answer
    B Foreign Exchange Management Act, 1999 Correct Answer Incorrect Answer
    C Competition Act, 2002 Correct Answer Incorrect Answer
    D None of the above. Correct Answer Incorrect Answer

    Solution

    The Monopolies and Restrictive Trade Practices Act, 1969 (MRTP Act) was repealed and replaced by the Competition Act, 2002.This was done based on the recommendations of the Raghavan Committee.

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