[amp_mcq option1=”1970″ option2=”1969″ option3=”1971″ option4=”1968″ correct=”option1″]<\/p>\n
The correct answer is: A. 1970<\/strong><\/p>\n 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.<\/p>\n 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 the powers of the Competition Commission of India, which is the body responsible for enforcing the MRTP Act.<\/p>\n 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.<\/p>\n The following are the options for the question:<\/p>\n Option A is the correct answer. The MRTP Act was passed in India in 1969.<\/p>\n Option B is incorrect. The MRTP Act was not passed in 1969.<\/p>\n Option C is incorrect. The MRTP Act was not passed in 1971.<\/p>\n Option D is incorrect. The MRTP Act was not passed in 1968.<\/p>\n","protected":false},"excerpt":{"rendered":" [amp_mcq option1=”1970″ option2=”1969″ option3=”1971″ option4=”1968″ correct=”option1″]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[207],"tags":[],"class_list":["post-21323","post","type-post","status-publish","format-standard","hentry","category-indian-economy","no-featured-image-padding"],"yoast_head":"\n\n