Practicing Success
Arrange the following items in correct sequence: (A) Competition Act Choose the correct answer from the options given below: |
(A), (B), (C), (D) (A), (C), (B), (D) (D), (C), (B), (A) (C), (B), (D), (A) |
(D), (C), (B), (A) |
The correct answer is Option (3) → (D), (C), (B), (A) D. MRTP Act (Monopolies and Restrictive Trade Practices Act): This act was passed in 1969 to prevent monopolies and unfair trade practices. C. FERA (Foreign Exchange Regulation Act): Enacted in 1973, this act regulated foreign exchange in India. B. FEMA (Foreign Exchange Management Act): This act replaced FERA in 1999 and brought about a more liberalized approach to foreign exchange management. A. Competition Act: This act replaced the MRTP Act in 2002 and established a more comprehensive framework for promoting competition and protecting consumer interests. ****
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