150+ MCQs on Competition Law | Question Bank

Competition Law, also known as antitrust law, ensures fair competition in the market, prevents abuse of dominance, and prohibits anti-competitive agreements. In India, the Competition Act, 2002 is the governing legislation, replacing the MRTP Act, 1969. This subject is important for law students, judicial services aspirants, UGC NET candidates, and professionals dealing with corporate and commercial law.

This Question Bank of Competition Law MCQs is designed to test and improve your conceptual clarity on the Act, landmark cases, and its practical application.

1:- As per the Competition Act, 2002, the sale of goods at a price, which is below the cost of production with a view to eliminate the competitors is called:
a) Exit barrier price
b) Preparatory price
c) Entry barrier price
d) Predatory price

2:- If any person contravenes, without any reasonable ground, any order of the Appellate Tribunal, he shall be liable for a penalty of…………………
a) not exceeding rupees one crore
b) imprisonment for a term up to three years
c) not exceeding rupees three crores and imprisonment for a term up to seven years
d) (a) or (b) or both

3:- Time limit for disposal of appeal by Appellate Tribunal in case of appeal filed is……….from the date of receipt of appeal:
a) mandatory within six months
b) as possible within four months
c) as possible within six months
d) mandatory within four months

4:- Appeal to Appellate Tribunal can be filled within……….
a) One twenty days
b) Sixty days
c) Thirty days
d) One eighty days

5:- Unfair competition means adoption of practices such as-
a) Collusive price fixing, Tie-in sales, Discriminatory pricing
b) Deliberate reduction in output in order to increase prices, Predatory pricing
c) Creation of barriers to entry, Allocation of markets
d) A, B, and C All of the Above

6:- Central Government may, by order, remove the Chairperson or any other Member from his office if such Chairperson or Member, as the case maybe;
a) is, or at any time has been, adjudged as an insolvent
b) has engaged at any time, during his term of office, in any paid employment
c) has so abused his position as to render his continuance in office prejudicial to the public interest
d) All of the above

7:- Whose association can be taken as a cartel?
a) Association or producer
b) Distributor
c) Trader supplier
d) All of the above

8:- Which section of Competition Act, 2002 details combinations:
a) 2
b) 3
c) 5
d) 4

9:- Following is / are the focus of Competition Law
a) Prohibition of certain agreements, which are considered to be anticompetitive in nature
b) Prohibition of Abuse of dominant position
c) Regulation of combinations
d) All of the above

10:- As per World Bank, broad definition of Competition is a situation in a market in which firms or sellers independently strive for the …….……………… in order to achieve a particular business objective.
a) buyers’ patronage
b) profit making
c) sellers’ patronage
d) None of the above

11:- How many number of days within which Fill need to submit detail of acquisition from the date of acquisition, as per the Competition Act, 2002?
a) 15 days
b) 45 days
c) 7 days
d) 30 days

12:- Which of the following as per the Competition Act, 2002 refers to any agreement requiring a purchaser of goods, as a condition of such purchase, to purchase some other goods?
a) Exclusive distribution agreement
b) Refuse to deal
c) Tie-in agreement
d) Exclusive distribution agreement

13:- What is number of days, after giving notice to CCI an enterprise can enter into a combination, as per the Competition Act, 2002?
a) 210 days
b) 120 days
c) 60 days
d) 180 days

14:- Which section of the Competition Act, 2002 enlists anti-competitive agreements?
a) 2
b) 3
c) 4
d) 5

15:- What is the maximum number of member to be appointed by central government in CCI, as per the Competition Act, 2002?
a) 4
b) 5
c) 6
d) 7

16:- Which of the following is considered as anti-competitive agreements, in the Competition Act, 2002?
a) Exclusive supply agreement
b) Tie-in agreement
c) Exclusive distribution agreement
d) All of the above

17:- Which section of Competition Act define Acquirer:
a) Section 8
b) Section 6
c) Section 5
d) Section 7

18:- Competition margin can be ascertained:
a) Income margin
b) EBIDTA margin
c) Cost margin
d) Sales margin

19:- When the commission may initiate inquiry into anti- competitive agreements/ abuse of dominance?
a) On its own on the basis of information and knowledge in its possession
b) On receipt of an information
c) On receipt of a reference from the Central Government or a State Government or a statutory authority
d) All or any of the above

20:- The Central Government has power to issue directions on questions of policy to Competition Commission except……………….:
a) Relating to administrative matters
b) Relating to technical matters
c) Relating to functional matters
d) (a) and (c)

21:- The prescribed fees The Competition Act, 2002 are as under:
a) Rupees 5000/- in case of individual, HUF, NGO, Consumer Association, Co-operative Society, or Trust
b) Rupees 20,000/- in case of firms, companies with turnover up to 1 crore
c) Rupees 50,000/- in case not covered under (a) or (b)
d) All the above in case applicable

22:- What cannot be acquiring as per the Competition Act, 2002?
a) Management control
b) Share
c) Voting right
d) None of these

23:- What is tenure of the chairman of the CCI, as per the Competition Act, 2002?
a) 3 years
b) 4 years
c) 5 years
d) 2 years

24:- Which of the following as per the Competition Act, 2002 is exempted as anti-competitive agreement?
a) Patent
b) Trademark
c) Copyright
d) All of these

25:- The objectives of Competition Act, 2002 is:
a) Abuse of dominance
b) To promote and sustain competition in markets
c) To ensure freedom of trade for all participants in the markets in India
d) Anti-competition agreements

26:- The objectives of Competition Act, 2002 is’?
a) To regulates abuse of dominant position
b) To regulates anti-competition agreements
c) To ensure freedom of trade in the Indian markets ambit
d) All of the above

27:- Activity carried on by organization shall not be regarded as Enterprise as per Competition Act,2002
a) Mr. Vaibhav carrying on production of goods
b) M/S Shubham Brokers underwriting shares
c) Activity of Central Government dealing in defense
d) Mr. Ramesh providing services to local customers

28:- Following shall not be presumed to have an appreciable adverse effect on competition:
a) That the Purchaser shall not deal with goods manufactured by any person other than the Seller
b) That the Purchaser shall not sell the goods manufactured by the Seller outside the municipal limits of Secunderabad
c) Restriction of rights under Designs Act, 2000
d) Reliance Ltd. provides distribution of his goods to Tata Ltd. only in South India

29:- If any person, without reasonable cause, fails to comply with the orders or directions of the Commission issued under sections 27, 28, 31, 32, 33, 42A and 43A of the Act, he shall be punishable with fine of:
a) 1 Percent of the total turnover or the assets, subject to a maximum of 10 Crore
b) Fine which may extend to rupees 1 Crore
c) Rupees 1 lakh for each day during which such non-compliance occurs, subject to 10 Crore
d) Rupees 2 lakh for each day during which such non-compliance occurs, subject to 10 Crore

30:- Cartel as per Competition Act 2002:
a) Association of buyers who tries to limit competition or impose restriction on trade
b) Union of employees to impose conditions to work on employers
c) Association of manufacturers or producers, to sell product at fair market price
d) Formal association of manufacturers or producers, who tries to limit competition or impose restriction on trade

31:- What are the functions of Competition Commission of India (CCI)?
a) CCI shall prohibit anti-competitive agreements and abuse of dominance, and also regulate combinations (mergers or amalgamations or acquisitions) through a process of inquiry/investigation.
b) CCI shall give opinion on competition issues on a reference received from an authority established under any law (statutory authority)/ Central Government/ a State Government.
c) CCI is also mandated to undertake competition advocacy, create public awareness and impart training on competition issues.
d) All or any of the above

32:- When the commission may initiate inquiry into anti-competitive agreements/ abuse of dominance?
a) On its own on the basis of information and knowledge in its possession, or on receipt of an information, or on receipt of a reference from the statutory authority.
b) On its own on the basis of information and knowledge in its possession, or on receipt of an information, or on receipt of a reference from the State Government or a statutory authority.
c) On its own on the basis of information and knowledge in its possession, or on receipt of an information, or on receipt of a reference from the Central Government or a State Government or a statutory authority.
d) On its own on the basis of information and knowledge in its possession, or on receipt of an information, or on receipt of a reference from the Central Government.

33:- Competition Act extends to…………………
a) Whole of India except the State of Jammu and Kashmir and Sikkim.
b) Whole of India including the State of Jammu and Kashmir.
c) Whole of India except the State of Jammu and Kashmir.
d) None of the above

34:- Competition Act, 2002, bill got Presidential assent in:
a) Jan 2003
b) Dec 2003
c) Nov 2003
d) March 2003

35:- Example of Horizontal Agreement is:
a) Agreement between a producer and a distributor.
b) The agreements between producers or between wholesalers or between retailers, operating at the same level in the economic process.
c) The agreements between manufacturers of components, manufacturers of products, between producers and wholesalers or between producers, wholesalers and retailers.
d) The agreements between non-competition undertakings operating at different levels of manufacturing and distribution process.

36:- What are the elements of such Government measures through the constitutes competition law and policy?
a) Competition Policy: Set of policies, such as liberalized trade policy, relaxed FDI policy, de-regulation, etc., that enhances competition in the markets.
b) Competition Law: To prevent anti-competitive practices with minimal intervention.
c) Central Government measure: empowers the Competition Commission of India (CCI) to grant leniency by levying a lesser penalty on a member of the cartel who provides full, true and vital information regarding the cartel.
d) A and C

37:- Is it true that one of the objectives of Competition Act, 2002 is to protect the interests of organizations?
a) Yes
b) No
c) None
d) Partially true

38:- ………..…is the real culprit for non existence of free market.
a) Income distribution system
b) Competitive system
c) None of the above
d) Both (a) and (b)

39:- Which of the following is component of Competition Act 2002′?
a) Anti-competition Agreements
b) Abuse of Dominance
c) Competition Advocacy
d) All of the above

40:- Exclusive distributive agreement includes:
a) Any agreement restricting in any manner the purchaser in the course of his trade from acquiring or otherwise dealing in any goods other than those of the seller or any other person.
b) Any agreement to sell goods on condition that the prices to be charged on the resale by the purchase shall be the prices stipulated by the seller unless it is clearly stated that prices lower than those prices may be charged.
c) Any agreement to limit, restrict or withhold the output or supply of any goods or allocate any area or market for the disposal or sale of the goods.
d) All of the above

41:- Predatory price means:
a) Price fixed by buyer and seller.
b) The sale of goods or provision of services, at a price which is below the cost, as may be determined by regulations, of production of the goods or provision of services, with a view to reduce competition or eliminate the competitors.
c) The sale of goods or provision of services, at a price which is more than the cost.
d) Price fixed in advance.

42:- Competition Commission will exercise the power to impose lesser penalty if:
a) In respect of a producer, seller, distributor, trader or service provider included in the cartel, who was not the first one to make full, true and vital disclosures under this section.
b) In cases where report of investigation directed under section 26 has been received before making such disclosure.
c) Producer, seller, distributor, trader or service provider included in any cartel, which is alleged to have violated section 3, has made a full and true disclosure in respect of the alleged violations.
d) Producer, seller, distributor, trader or service provider included in any cartel, which is alleged to have violated section 3, has made concealed information in respect of the alleged violations.

43:- Which act was replaced with the introduction of Competition Act 2002:
a) POTO
b) Indian Contract Act, 1872
c) MRTP
d) None of the above

44:- Which of the following as per the Competition Act, 2002 refers to any agreement to limit, restrict or withhold the output supply of any goods or allocate any area or market for the disposal or sale of the goods?
a) Tie-in arrangement
b) Exclusive supply agreement
c) Exclusive distribution agreement
d) Refuse to deal

45:- Which of the following is not the objective of Competition Act, 2002?
a) To promote and sustain competition in markets
b) To protect the interests of investors
c) To prevent practices having adverse effect on competition
d) To ensure freedom of trade carried on by other participants in markets in India and for matters connected therewith or incidental thereto

46:- Assertion (A): Anti-competitive agreements can significantly reduce market competition in India.
Reason (R): Such agreements are only valid if they are documented in writing.
a) If both Assertion and Reason are true and Reason is the correct explanation of Assertion
b) If both Assertion and Reason are true but Reason is not the correct explanation of Assertion
c) If Assertion is true but Reason is false
d) If both Assertion and Reason are false

47:- Assertion (A): The Competition Commission of India (CCI) was founded to regulate competition in the Indian market and combat anti-competitive practices.
Reason (R): The Raghavan Committee proposed the establishment of the CCI to address legal challenges in competition regulation.
a) If both Assertion and Reason are true and Reason is the correct explanation of Assertion
b) If both Assertion and Reason are true but Reason is not the correct explanation of Assertion
c) If Assertion is true but Reason is false
d) If both Assertion and Reason are false

48:- Statement 1: The Competition Commission of India (CCI) is responsible for enforcing the provisions of the Competition Act, 2002, which aims to promote fair competition and protect consumer rights.
Statement 2: The CCI allows individuals to submit regarding anti-competitive practices without any requirements for identification or prior approval.
a) 1 Only
b) 2 Only
c) Both 1 and 2
d) Neither 1 nor 2

49:- What primary role does the Competition Commission of India (CCI) serve within the regulatory framework?
a) To increase the market share of large corporations
b) To enforce competition-related regulations and prevent anti-competitive practices
c) To promote monopolistic practices among businesses
d) To solely collect fines from enterprises

50:- What is the primary objective of the Competition Act, 2002?
a) To promote monopolistic practices in the market
b) To safeguard consumer interests and ensure healthy market competition
c) To limit consumer choices and increase prices
d) To regulate foreign trade agreements only

51:- Statement 1: Section 61 of the Competition Act allows civil courts to adjudicate matters within the purview of the Competition Commission of India (CCI).
Statement 2: The CCI is tasked with enforcing the Competition Act, 2002, primarily focusing on eliminating anti-competitive agreements and abuses of dominant market positions.
a) 1 Only
b) 2 Only
c) Both 1 and 2
d) Neither 1 nor 2

52:- Assertion (A): The Competition Commission of India (CCI) plays a crucial role in safeguarding consumer welfare by monitoring market activities.
Reason (R): The CCI is the central authority responsible for addressing complaints related to violations of competition laws.
a) If both Assertion and Reason are true and Reason is the correct explanation of Assertion
b) If both Assertion and Reason are true but Reason is not the correct explanation of Assertion
c) If Assertion is true but Reason is false
d) If both Assertion and Reason are false

53:- What is the primary objective of the Competition Act, 2002 in India?
a) To promote monopolistic practices
b) To prevent actions that harm competition in the market
c) To regulate government policies on trade
d) To enhance the powers of state-owned enterprises

54:- Assertion (A): The Competition Act allows for exemptions in certain combinations involving governmental financial institutions.
Reason (R): All combinations are subjected to strict scrutiny regardless of their impact on market competition.
a) If both Assertion and Reason are true and Reason is the correct explanation of Assertion
b) If both Assertion and Reason are true but Reason is not the correct explanation of Assertion
c) If Assertion is true but Reason is false
d) If both Assertion and Reason are false

55:- Which of the following actions does the Competition Act, 2002 explicitly prohibit?
a) Consumer protection measures
b) Agreements that are anti-competitive
c) Open market policies
d) Government regulations on pricing

56:- Which of the following as per the Competition Act, 2002 is exempted as an anti-competitive agreement?
a) Patent
b) Copyright
c) All of these
d) Trademark

57:- How many days within which an FII needs to submit details of acquisition, from the date of acquisition, as per the Competition Act, 2002?
a) 45 days
b) 15 days
c) 30 days
d) 7 days

58:- What, as per the Competition Act, 2002, refers to the sale of goods or provision of services at a price which is below the cost to eliminate competitors?
a) MRP
b) GST Price
c) Prepatory Price
d) Predatory Price

59:- Which of the following, as per the Competition Act, 2002, refers to any agreement requiring a purchaser of goods, as a condition of such purchase, to purchase some other goods?
a) Exclusive distribution agreement
b) Tie-in arrangement
c) Exclusive supply agreement
d) Refusal to deal

60:- Which of the following, as per the Competition Act, 2002, refers to any agreement restricting in any manner the purchaser in the course of his trade from acquiring or otherwise dealing in any goods other than those of the seller or any other person?
a) Refusal to deal
b) Tie-in arrangement
c) Exclusive distribution agreement
d) Exclusive supply agreement

61:- What is the number of days, after giving notice to CCI, an enterprise can enter into a combination, as per the Competition Act, 2002?
a) 60 days
b) 120 days
c) 180 days
d) 210 days

62:- Which section of the Competition Act, 2002 details combinations?
a) 2.0
b) 4.0
c) 3.0
d) 5.0

63:- What is the minimum number of members to be appointed by the Central Government in CCI, as per the Competition Act, 2002?
a) 1
b) 4
c) 2
d) 3

64:- Which of the following, as per the Competition Act, 2002, refers to any agreement to limit, restrict or withhold the output or supply of any goods or allocate any area or market for the disposal or sale of the goods?
a) Exclusive supply agreement
b) Refusal to deal
c) Exclusive distribution agreement
d) Tie-in arrangement

65:- What cannot be acquired as per the Competition Act, 2002?
a) Share
b) Management control
c) None of these
d) Voting right

66:- CCI consists of a ………… appointed by the Central Government:
a) Chairperson and six Members
b) Director and 6 Members
c) Director and 4 Members
d) Chairperson and 4 Members

67:- …….…………………… is not a type of Agreement under Competition Act, 2002:
a) Horizontal Agreement
b) Hybrid Agreement
c) Vertical Agreement
d) None of the above

68:- …………………. cannot appear before Commission:
a) Regular Banking Officer
b) Company secretaries
c) Director General
d) Chartered accountants

69:- ……………… penalty for failure to comply with directions of Commission and Director General:
a) Rupees one lakh for each day during which such non-compliance occurs, subject to a maximum of rupees 10 crore.
b) One per cent of the total turnover or the assets, subject to a maximum of rupees 10 crore.
c) Such person shall be punishable with fine which may extend to rupees 1 crore.
d) Rupees one lakh for each day during which such failure continues, subject to a maximum of rupees 1 crore.

70:- ..…………… has power to exempt enterprise, practice or agreement from application of Competition Act, 2002:
a) Competition Commission
b) Appellate Tribunal
c) Central Government
d) State Government

71:- What as per the Competition Act, 2002 refers to the sale of goods or provision of services, at a price which is below the cost to eliminate the competitors?
a) MRP
b) Predatory price
c) Preparatory price
d) GST price

72:- ………… is a horizontal agreement:
a) Tie-in arrangements
b) Resale Price Maintenance
c) Cartel
d) Exclusive Distribution

73:- The Monopolies and Restrictive Trade Practices Act, 1969 (MRTP Act) stands repealed and is replaced by the Competition Act, 2002, with effect from:
a) September 1, 2008
b) September 1, 2003
c) September 1, 2009
d) September 1, 2002

74:- Operate independently of competitive forces prevailing in the relevant market is ……….. component:
a) Anti-Competition Agreements
b) Abuse of Dominance
c) Combinations Regulation
d) Competition Advocacy

75:- Which of the following is not the duty of Competition Commission:
a) To protect the interests of investors
b) To ensure freedom of trade carried on by other participants in markets in India and matters connected therewith or incidental thereto
c) To prevent practices having adverse effect on competition
d) To promote and sustain competition in markets

76:- Who can make a reference on a competition policy in formulating a policy relating to competition or in any other matter, may seek the opinion of the Commission by making a reference to it?
a) The Central Government
b) The State Government
c) (a) and (b)
d) Chairperson & other Members of Competition Commission of India

77:- What is the minimum number of members to be appointed by Central Government in CCI, as per the Competition Act, 2002?
a) 2
b) 3
c) 4
d) 1

78:- How many number of days’ notice is to be given to CCI while an enterprise proposes to enter into a combination, as per the Competition Act, 2002?
a) 45 days
b) 30 days
c) 7 days
d) 15 days

79:- The Chairperson and other Members shall not, for a period of ……… from the date on which they cease to hold office, accept any employment in or be connected with the management or administration of any enterprise which has been a party to a proceeding before the Commission:
a) 3 years
b) 18 months
c) 2 years
d) 12 months

80:- Is there compulsory wait period for a combination to take effect?
a) Yes. The proposed combination cannot take effect for a period of 210 days from the date it notifies the Commission or till the Commission passes an order, whichever is earlier.
b) No. The proposed combination can take effect from the date of Commission’s order.
c) Yes. The proposed combination cannot take effect for a period of 60 days from the date it notifies the Commission or till the Commission passes an order, whichever is earlier.
d) No. The proposed combination can take effect immediately from the date it notifies the Commission.

81:- CCI shall not initiate an inquiry into a combination after the expiry of ……… year from the date on which the combination has taken effect:
a) 5 year
b) None
c) 1 year
d) 3 year

82:- An appreciable adverse effect on competition in the relevant market in India is said to take place when:
a) An agreement referred to in section 3 has been entered into outside India.
b) Any enterprise abusing the dominant position is outside India.
c) Any enterprise abusing the dominant position in India.
d) All of the above

83:- Anti competitive agreements are:
a) Voidable
b) Void
c) Valid
d) None of the above

84:- Which of the following as per the Competition Act, 2002 refers to any agreement which restricts, or likely restrict, by any method the persons or classes of person to whom goods are sold or from whom goods are bought?
a) Refuse to deal
b) Exclusive distribution agreement
c) Tie-in agreement
d) Exclusive distribution agreement

85:- Competition Bill became an Act after receiving assent from the President on…..
a) 15th April 2002
b) 4th December 2005
c) 13th January 2003
d) 24th September 2006

86:- Merger or amalgamation of enterprises shall be a combination if the group to the enterprise will belong after acquisition jointly have in India:
a) Assets > Rs. 8000 Cr or Turnover > Rs. 24000 Cr
b) Assets > Rs. 2000 Cr or Turnover > Rs. 6000 Cr
c) Assets > Rs. 1000 Cr or Turnover > Rs. 3000 Cr
d) None of the above

87:- Central Government may by notification supersede the Commission for such……………….
a) Not exceeding six months
b) Not exceeding nine months
c) Four month
d) Eight months

88:- …………….cannot be considered as goods U/S 2(i) of Competition Act, 2002.
a) Products manufactured, processed or mined
b) In relation to goods supplied, distributed or controlled in India, goods imported into India
c) Debentures, stocks and shares before allotment
d) None of the above

89:- What orders the commission can pass in case of a combination?
a) It shall approve the combination if no appreciable adverse effect on competition is found.
b) It shall disapprove of combination in case of appreciable adverse effect on competition.
c) It may propose suitable modifications.
d) All of the above

90:- Office holding term and Age limit of Chairperson of Competition Commission is:
a) Appointed for a term of 5 years however maximum age limit of 67.
b) Appointed for a term of 5 years however maximum age limit of 65.
c) Appointed for a term of 5 years however maximum age limit of 64.
d) Appointed for a term of 5 years however maximum age limit of 62.

91:- Which section of the Competition Act, 2002 enlists abuse of the dominant position:
a) 2
b) 4
c) 3
d) 5

92:- Which of the following as per the Competition Act 2002 refers to any agreement restricting in any manner the purchase in the courses of his trade from acquiring or otherwise dealing in any goods other than those of the seller or any other person?
a) Tie-in arrangement
b) Refuse to deal
c) Exclusive supply agreement
d) Exclusive distribution agreement

93:- Provision for restriction on employment of Chairperson and other Members of Competition Commission is not applicable in following cases:
a) Employment under Private Sector Units.
b) Employment under Local Authority.
c) Employment under Public Sector Units.
d) None of the above

94:- What types of orders can be passed by Commission after inquiry into agreements or abuse of dominant position?
a) Discontinue and not to re-enter such agreement or discontinue such abuse of dominant position.
b) Impose such penalty, as it may deem fit.
c) Direct that the agreements shall stand modified to the extent and in the manner as may be specified in the order by the Commission.
d) All of the above

95:- An agreement among the companies at the same level of the production chain is called ______ in competition parlance:
a) Vertical agreement
b) Cross agreement
c) Horizontal agreement
d) Transparent agreement

96:- The Commission shall not initiate any inquiry after the expiry from the date on which such combination has taken effect.
a) 1 year
b) 2 years
c) 3 years
d) 18 months

97:- Bid Rigging in Competition Act:
a) Anti-competitive bidding practice.
b) Explained in Section 3(3).
c) Bid rigging takes place when bidders collude and keep the bid amount at a pre-determined level.
d) All of the above

98:- Competition Appellate Tribunal bound by the procedure laid down in the Code of Civil Procedure, 1908
a) Shall be
b) Shall not be
c) May be
d) May not be

99:- Section ……………………of the Act enjoins, no enterprise shall abuse its dominant position:
a) 4
b) 3
c) 5
d) 2

100:- …………………is / are examples of agreement
a) Not intended to be enforceable by legal proceedings
b) Intended to be enforceable by legal proceedings
c) Oral agreement
d) All of the above

101:- Two parties fix in a tender colluding the lower price:
a) Price fixing
b) Predatory pricing
c) Price eliminating
d) Bid rigging

102:- Appeal to Supreme Court can be filled within………..:
a) 60 days
b) 30 days
c) 120 days
d) 180 days

103:- Competition Fund shall be credited with:—
a) All Government grants received by the Commission
b) The fees received under this Act
c) The interest accrued on the amounts in (a) and (b)
d) All of the above

104:- Merger or amalgamation of enterprises shall be a combination if parties to Acquisition jointly have in India:
a) Assets > Rs. 2000 Cr
b) Turnover > Rs. 6000 Cr
c) (a) and (b)
d) (a) or (b)

105:- In accordance with Competition Act, 2002 following can be considered as consumer:
a) Person purchasing goods for personal use.
b) Person purchasing goods for resale.
c) Person purchasing goods for any commercial purpose.
d) All of the above

106:- Which of the following as per the Competition Act, 2002 refers to any agreement to sell goods on condition that the prices to be charged on the resale by the purchase shall be the prices stipulated by the seller unless it is clearly stated that prices lower than those prices may be charged?
a) Exclusive distribution agreement
b) Exclusive supply agreement
c) Resale price maintenance
d) Tie-in agreement

107:- CCI stands for:
a) Container Corporation of India
b) Competition Commission of India
c) Cricket Council of India
d) None of the above

108:- When was CCI established?
a) 14.10.2003
b) 14.03.2003
c) 02.10.2003
d) 14.05.2003

109:- …………is Central economic goal of the Competition Policy.
a) Economic efficiency
b) Preservation and promotion of the competitive process
c) Economic growth and development
d) Promotion of free trade

110:- The Central Government appointed Hon’ble Justice, aged 61 years Mr. HCJ as the Chairperson of the Competition Commission of India with effect from 1st January, 2005.
a) Invalid Appointment
b) Can be appointed for a term of 5 years, reappointment for another term of 5 years but will have to step down in between of Second Term.
c) Can be appointed for a term of 5 years
d) Can be appointed for a term of 5 years and reappointment for another term of 5 years.

111:- …………………is a vertical agreement?
a) Bid Rigging
b) Refusal to deal
c) Price Fixation
d) Market Share

112:- Following shall not be presumed to have an appreciable adverse effect on competition:
a) Directly or indirectly results in bid rigging or collusive bidding.
b) Directly or indirectly determines purchase or sale prices.
c) Limits or controls production, supply, markets, technical development, investment or provision of services.
d) Agreement by Joint Ventures to increase efficiency in distribution of goods.

113:- An agreement for monopoly:
a) Fraud
b) Void
c) Illegal
d) Valid

114:- The Commission can make a reference to a statutory authority for opinion on a relevant issue that-
a) May arise during the course of proceeding before it, either at the behest of a party to the proceeding or on its own motion.
b) May arise during the course of proceeding before it, at the behest of on its own motion.
c) Can’t made during the course of proceeding before competition commission.
d) May arise during the course of proceeding before it, either at the behest of a party to the proceeding.

115:- Following will be considered as abuse of dominant position:
a) Directly or indirectly, imposes unfair or discriminatory prices.
b) Limits or restricts production of goods or provision of services.
c) Indulges in practice or practices resulting in denial of market access in any manner.
d) All of the above