Business Studies · Competition Act

Consider the following statements regarding the Competition Act, 2002: 1. Anti-competitive agreements are prohibited under the Act. 2. Abuse of dominant position is regulated. 3. The Act promotes cartelization for industrial growth. 4. Combinations exceeding certain limits require approval. Which of the statements given above are correct?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

11, 2, 3 and 4
21 and 3 only
32 and 3 only
41, 2 and 4 only✓

Correct answer

1, 2 and 4 only

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