In which year the Competition Act came into force in India? The Compet
Right Answer is: C
The Competition Act came into force in 2002 in India.
• It replaced the archaic the Monopolies and Restrictive Trade Practices Act, 1969.
• It was commenced on 31st March 2003.
• The Competition Commission of India was established to prevent the activities that have an adverse effect on competition in India.
• This is applicable in all the states of India except Jammu and Kashmir.