Question:
On recommendation of which committee the Competition Act, 2002 was implemented?
On recommendation of which committee the Competition Act, 2002 was implemented?
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Remember: Competition Act, 2002 is associated with the Raghavan Committee.
Updated On: May 22, 2026
- Raghavan Committee
- Raghuram Committee
- Patel Committee
- Kelkar Committee
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The Correct Option is A
Solution and Explanation
Concept: The Competition Act, 2002 was enacted to promote competition in markets, prevent anti-competitive practices, and protect consumer interests.
Step 1: Understand the purpose of the Competition Act.
The Competition Act replaced the earlier MRTP Act framework and focused on preventing practices that harm competition. \[ \text{Competition Act} \Rightarrow \text{Promotion of fair competition} \]
Step 2: Recall the committee related to competition law.
The Raghavan Committee reviewed competition policy and recommended a modern competition law for India.
Step 3: Select the correct option.
The Competition Act, 2002 was implemented on the recommendation of the Raghavan Committee. Therefore, the correct answer is option (A).
Step 1: Understand the purpose of the Competition Act.
The Competition Act replaced the earlier MRTP Act framework and focused on preventing practices that harm competition. \[ \text{Competition Act} \Rightarrow \text{Promotion of fair competition} \]
Step 2: Recall the committee related to competition law.
The Raghavan Committee reviewed competition policy and recommended a modern competition law for India.
Step 3: Select the correct option.
The Competition Act, 2002 was implemented on the recommendation of the Raghavan Committee. Therefore, the correct answer is option (A).
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