Question

In which year was the Competition Commission of India (CCI) established to regulate and promote fair competition in Indian markets?

• A. 1991
• B. 2002
• C. 2003
• D. 2009

Answer 1

Answer:

C. 2003

• The Competition Commission of India (CCI) was established on October 14, 2003, by the Central Government of India.

• It was set up under the provisions of the Competition Act, 2002, which aims to prevent practices having an adverse effect on competition, to promote and sustain competition in markets, to protect the interests of consumers, and to ensure freedom of trade in India.

• While established in 2003, it became fully functional in May 2009.