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    Question

    Penalty for cartelisation may extend up

    to: 
    A 1% of average turnover Correct Answer Incorrect Answer
    B 5% of turnover of last financial year Correct Answer Incorrect Answer
    C 3 times the profit or 10% of turnover, whichever is higher Correct Answer Incorrect Answer
    D 10% of global turnover only Correct Answer Incorrect Answer
    E Imprisonment Correct Answer Incorrect Answer

    Solution

    Section 27(b) allows penalties up to 3x profit or 10% of turnover for cartels.

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