Economics · Industrial Policy
What was the central economic and regulatory objective of the Monopolies and Restrictive Trade Practices (MRTP) Act of 1969, and how did it reflect the ideological underpinnings of India's post-independence industrial policy?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1To eliminate all forms of government control over domestic industries and enable free-market pricing mechanisms
- 2To prevent concentration of economic power and regulate anti-competitive practices, in alignment with India's commitment to a mixed economy and socialist pattern of development✓
- 3To promote foreign direct investment by easing trade restrictions for multinational corporations
- 4To liberalize the Indian economy by encouraging large industrial houses to dominate global markets
Correct answer
To prevent concentration of economic power and regulate anti-competitive practices, in alignment with India's commitment to a mixed economy and socialist pattern of development
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