{"id":34581,"date":"2024-04-15T09:32:53","date_gmt":"2024-04-15T09:32:53","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=34581"},"modified":"2024-04-15T09:32:53","modified_gmt":"2024-04-15T09:32:53","slug":"which-of-the-following-does-not-fall-in-the-ambit-of-the-objectives-of-competition-act-2002","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/which-of-the-following-does-not-fall-in-the-ambit-of-the-objectives-of-competition-act-2002\/","title":{"rendered":"Which of the following does not fall in the ambit of the objectives of Competition Act, 2002?"},"content":{"rendered":"<p>\r\n    <!-- Check if it's an AMP page -->\r\n            <!-- Non-AMP version -->\r\n        <div class=\"mcq-container\" data-quiz-id=\"quizState_6a9a5927718c1\">\r\n                                            <div class=\"option\" data-option-key=\"option1\" data-is-correct=\"false\">\r\n                    Encourage Competition                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option2\" data-is-correct=\"false\">\r\n                    Prevent abuse of dominant position                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option3\" data-is-correct=\"true\">\r\n                    Prevent monopolistic rights are arising out of intellectual property                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option4\" data-is-correct=\"false\">\r\n                    Regulate mergers and acquisitions                <\/div>\r\n                            \r\n            <!-- Feedback messages for non-AMP -->\r\n            <div class=\"feedback\" data-feedback=\"wrong\">Answer is Right!<\/div>\r\n            <div class=\"feedback\" data-feedback=\"right\">Answer is Wrong!<\/div>\r\n        <\/div>\r\n\r\n        <script>\r\n        document.addEventListener('DOMContentLoaded', function () {\r\n            var containers = document.querySelectorAll('.mcq-container');\r\n\r\n            containers.forEach(function(container) {\r\n                var options = container.querySelectorAll('.option');\r\n                var feedbackSelect = container.querySelector('[data-feedback=\"select\"]');\r\n                var feedbackWrong = container.querySelector('[data-feedback=\"wrong\"]');\r\n                var feedbackRight = container.querySelector('[data-feedback=\"right\"]');\r\n\r\n                options.forEach(function(option) {\r\n                    option.addEventListener('click', function() {\r\n                        var selectedOption = option.getAttribute('data-option-key');\r\n                        var isCorrect = option.getAttribute('data-is-correct') === 'true';\r\n\r\n                        \/\/ Remove previous selections\r\n                        options.forEach(function(opt) {\r\n                            opt.classList.remove('correct', 'incorrect');\r\n                        });\r\n\r\n                        \/\/ Add the correct\/incorrect class\r\n                        if (isCorrect) {\r\n                            option.classList.add('correct');\r\n                            feedbackRight.hidden = false;\r\n                            feedbackWrong.hidden = true;\r\n                        } else {\r\n                            option.classList.add('incorrect');\r\n                            feedbackRight.hidden = true;\r\n                            feedbackWrong.hidden = false;\r\n                        }\r\n\r\n                        \/\/ Hide select feedback\r\n                        feedbackSelect.hidden = true;\r\n                    });\r\n                });\r\n            });\r\n        });\r\n        <\/script>\r\n    \r\n    <!--more--><\/p>\n<p>The correct answer is C. Prevent monopolistic rights are arising out of intellectual property.<\/p>\n<p>The Competition Act, 2002 is an Act to provide for the establishment of a Commission to promote and protect competition in markets, to prohibit anti-competitive agreements and abuse of dominant position, to regulate mergers and acquisitions, and for matters connected therewith or incidental thereto.<\/p>\n<p>The objectives of the Competition Act, 2002 are to:<\/p>\n<ul>\n<li>Promote and protect competition in markets;<\/li>\n<li>Prohibit anti-competitive agreements and abuse of dominant position;<\/li>\n<li>Regulate mergers and acquisitions; and<\/li>\n<li>Provide for matters connected therewith or incidental thereto.<\/li>\n<\/ul>\n<p>Option A, Encourage Competition, is one of the objectives of the Competition Act, 2002. The Competition Act, 2002 seeks to promote and protect competition in markets by prohibiting anti-competitive agreements and abuse of dominant position, and by regulating mergers and acquisitions.<\/p>\n<p>Option B, Prevent abuse of dominant position, is also one of the objectives of the Competition Act, 2002. The Competition Act, 2002 prohibits abuse of dominant position by enterprises.<\/p>\n<p>Option C, Prevent monopolistic rights are arising out of intellectual property, is not one of the objectives of the Competition Act, 2002. The Competition Act, 2002 does not prohibit monopolistic <div class=\"youtube-subscribe-container\">\r\n        <a href=\"https:\/\/www.youtube.com\/channel\/UCNHT8lW-JmLC68rjBfZhdkg?sub_confirmation=1\" target=\"_blank\" class=\"youtube-subscribe-button\">\r\n            <span class=\"youtube-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 576 512\">\r\n                    <path d=\"M549.7 124.1c-6.3-23.7-24.8-42.3-48.3-48.6C458.8 64 288 64 288 64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z\"\/>\r\n                <\/svg>\r\n           <div class=\"telegram-channel-container\">\r\n        <a href=\"https:\/\/t.me\/pscnotes2025\" target=\"_blank\" class=\"telegram-channel-button\">\r\n            <span class=\"telegram-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 496 512\">\r\n                    <path fill=\"white\" d=\"M248,8C111,8,0,119,0,256s111,248,248,248s248-111,248-248S385,8,248,8z M362,177L320,367c-3,14-10,18-20,14l-56-41l-27,26 c-3,3-5,5-10,5l4-63L323,196c5-5-1-7-8-3l-98,62l-42-13c-9-3-10-9,2-14l162-63C351,160,365,164,362,177z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Join Our Telegram Channel\r\n        <\/a>\r\n    <\/div>  <\/span>\r\n            Subscribe on YouTube\r\n        <\/a>\r\n    <\/div> rights arising out of intellectual property.<\/p>\n<p>Option D, Regulate mergers and acquisitions, is one of the objectives of the Competition Act, 2002. The Competition Act, 2002 regulates mergers and acquisitions that may have an adverse effect on competition in markets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Subscribe on YouTube<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[704],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Which of the following does not fall in the ambit of the objectives of Competition Act, 2002?<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/which-of-the-following-does-not-fall-in-the-ambit-of-the-objectives-of-competition-act-2002\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" 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