Indian Polity · Polity
Given below are two statements: one is labelled as Assertion A and the other is labelled as Reason R. Assertion A: Specific classes of business combinations can be legally exempted from the standard regulatory requirements related to combinations under the Competition Act, 2002. Reason R: Section 54 of the Competition Act, 2002 empowers the Central Government with the statutory authority to grant such exemptions to certain classes of combinations. In the light of the above statements, choose the most appropriate answer from the options given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both A and R are correct and R is the correct explanation of A✓
- 2Both A and R are correct but R is NOT the correct explanation of A
- 3A is correct but R is not correct
- 4A is not correct but R is correct
Correct answer
Both A and R are correct and R is the correct explanation of A
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