Which among the following statements is/are incorrect with respect to Competition Commission of India? 1. It is a constitutional body. 2. It is responsible for enforcing The Competition Act, 2002. Select the correct answer from the following:

1 only
2 only
Both 1 and 2
Neither 1 nor 2

The correct answer is: A. 1 only

The Competition Commission of India (CCI) is a statutory body established under the Competition Act, 2002. It is an independent body that is not a part of the government. The CCI is responsible for promoting and protecting competition in the Indian market. It does this by investigating and taking action against anti-competitive practices, such as cartels and abuse of dominant position.

The CCI is not a constitutional body. Constitutional bodies are those that are established by the Constitution of India. The CCI is not established by the Constitution, but by an Act of Parliament.

Therefore, the statement “It is a constitutional body” is incorrect. The statement “It is responsible for enforcing The Competition Act, 2002” is correct.