Monopolies and restrictive Trade practices (MRTP) act was passed in: A. 1970 B. 1969 C. 1971 D. 1968

1970
1969
1971
1968

The correct answer is: A. 1970

The Monopolies and Restrictive Trade Practices (MRTP) Act was passed in India in 1969. The Act was enacted to prevent the concentration of economic power in the hands of a few and to promote competition in the market. The Act also prohibits certain restrictive trade practices, such as price-fixing and market-sharing agreements.

The MRTP Act was amended in 1991 to make it more market-friendly. The amendments removed some of the restrictions on companies and made it easier for them to enter the market. The amendments also strengthened

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the powers of the Competition Commission of India, which is the body responsible for enforcing the MRTP Act.

The MRTP Act has been a significant piece of legislation in the development of the Indian economy. It has helped to promote competition and to prevent the concentration of economic power. The Act has also played a role in the liberalization of the Indian economy.

The following are the options for the question:

  • A. 1970
  • B. 1969
  • C. 1971
  • D. 1968

Option A is the correct answer. The MRTP Act was passed in India in 1969.

Option B is incorrect. The MRTP Act was not passed in 1969.

Option C is incorrect. The MRTP Act was not passed in 1971.

Option D is incorrect. The MRTP Act was not passed in 1968.