To achieve its objectives, the CCI endeavours to do the following functions. 1. Develop and nurture effective relations and interactions with sectoral regulators. 2. Ensure fair and healthy competition. 3. Implement competition policies aiming for the most efficient utilisation of economic resources. 4. Make the markets work for the benefit and welfare of politicians. Identify the correct statements.

The correct answer is C. 1, 2 and 3.

The CCI is the Competition Commission of India. It is an independent statutory body established under the Competition Act, 2002. The CCI’s objective is to promote and protect competition in the markets of India. It does this by preventing anti-competitive agreements, practices and abuse of dominant position.

The CCI endeavours to achieve its objectives by:

• Developing and nurturing effective relations and interactions with sectoral regulators.
• Ensuring fair and healthy competition.
• Implementing competition policies aiming for the most efficient utilisation of economic resources.
• Promoting consumer welfare.

The CCI does not have the mandate to make the markets work for the benefit and welfare of politicians. This is because the CCI is an independent body that is not subject to political control. The CCI’s decisions are based on the law and evidence, and not on political considerations.

Option A is incorrect because it includes statement 4, which is not one of the CCI’s objectives.

Option B is incorrect because it includes statement 4, which is not one of the CCI’s objectives.

Option D is incorrect because it includes statement 4, which is not one of the CCI’s objectives.