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

    Question

    As per section 3 of the Competition Act no enterprise

    or association of enterprises or person or association of persons shall enter into any agreement in respect of production, supply, distribution, storage, acquisition or control of goods or provision of services, which causes or is likely to cause an appreciable adverse effect on competition within India, as any agreement entered into in contravention of the said provisions shall be ___________
    A Voidable Correct Answer Incorrect Answer
    B Illegal Correct Answer Incorrect Answer
    C Void Correct Answer Incorrect Answer
    D Both (b) & (c) Correct Answer Incorrect Answer

    Solution

    Void, Explanation: Any agreement entered into in contravention of the provisions contained in subsection (1) of section 3 shall be void.

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