Q. With reference to the Competition Commission of India (CCI), consider the following statements:
1. It is a non-statutory body established by the executive action.
2. It has the responsibility to impart training on competition issues.
3. It consists of maximum four members including chairperson.
How many statements given above are correct?
Answer: A
Notes:
Exp) Option a is the correct answer.
Statement 1 is incorrect. Competition Commission of India (CCI) is a statutory body established under the Competition Act, 2002. It is tasked with ensuring a fair and healthy competition in economic activities of the country.
Statement 2 is correct. CCI Undertake competition advocacy, create public awareness and impart training on competition issues.
Statement 3 is incorrect. CCI is a quasi-judicial body which has one chairperson and six other members appointed by the Central Government.
