Which of the following Act has replaced the Monopolies and Restrictive Trade Practices Act, 1969?

The Competition Act 2002 Consumer Protection Act 1986 The Essential Commodities Act, 1955 None of the above

The Competition Act 2002

The Competition Act, 2002: This Act has repealed and replaced the Monopolies and Restrictive Trade Practices Act, 1969. The Act provides protection to the consumers in case of practices adopted by business firms which hamper competition in the market.