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      Question

      Penalty for cartelisation may extend up

      to:┬а
      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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