Economics · Economic Reforms
With reference to the changes made during the 1991 Economic Reforms in India, consider the following statements regarding the Monopolies and Restrictive Trade Practices (MRTP) Act: (a) Large companies no longer needed prior approval from the MRTP Commission for capacity expansion or new investments. (b) The scope and regulatory powers of the MRTP Commission were entirely dismantled. (c) Provisions against unfair and restrictive trade practices were strengthened. (d) Enforcement mechanisms were refocused toward controlling restrictive and unfair trade practices rather than pre-entry asset screening. Which of the statements correctly describe the shifts away from the traditional restrictive features of the original MRTP framework?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1All of the above
- 2Only (b) and (d)
- 3Only (a) and (c)✓
- 4Only (a) and (b)
Correct answer
Only (a) and (c)
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