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Indian EconomyHard

An appeal against an order of the Competition Commission of India lies to which body?

  1. A.The National Company Law Appellate Tribunal
  2. B.The Securities Appellate Tribunal
  3. C.The High Court of the state concerned
  4. D.The Central Consumer Protection Authority

Correct answer

A. The National Company Law Appellate Tribunal

Explanation

The correct answer is A, the National Company Law Appellate Tribunal. Appeals from the Commission were earlier heard by the Competition Appellate Tribunal, and that work was transferred to the National Company Law Appellate Tribunal, from whose order a further appeal lies to the Supreme Court. Option B is wrong because the Securities Appellate Tribunal hears appeals against orders of the Securities and Exchange Board of India and of some other financial regulators, not of the Competition Commission. Option C is wrong because a High Court is not the designated appellate forum under the Competition Act, although its writ jurisdiction remains available in a proper case. Option D is wrong because the Central Consumer Protection Authority is a consumer regulator created by the Consumer Protection Act, 2019 and has no appellate power over competition orders.

Read the full article: Consumer Protection and Competition Law: Notes and PYQs

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Q1.Indian EconomyAsked in: SSC MTS · 12 Oct 2021, Shift 3Medium

As per the Consumer Protection Act, 1986 a complaint can be filed in the District Consumer Disputes Redressal Forum if the value of the claim is up to:

  1. A.Rs. 5 lakh
  2. B.Rs. 15 lakh
  3. C.Rs. 20 lakh
  4. D.Rs. 10 lakh
Show answer
Correct answer: C. Rs. 20 lakh

The Consumer Protection Act, 1986 created a three-tier machinery and fixed a money limit for each tier: the district forum could hear a complaint where the value of the goods or services and the compensation claimed did not exceed twenty lakh rupees, the state commission took claims above that limit…

Q2.Indian EconomyAsked in: Delhi · 15 Nov, 2023, Shift 3Medium

Which of the following is NOT an element of the Competition Act 2002?

  1. A.Prohibition of anti-competitive agreements
  2. B.Regulation of combination
  3. C.Abuse of dominant position
  4. D.Prohibition of trade
Show answer
Correct answer: D. Prohibition of trade

The Competition Act, 2002 rests on three pillars, and freedom of trade is the very thing it protects, so no provision of it prohibits trade; on the contrary, the Act opens by stating that it seeks to ensure freedom of trade carried on by other participants in markets in India.

Q3.Indian EconomyEasy

Which Act governs consumer protection in India at present?

  1. A.The Consumer Protection Act, 1986
  2. B.The Consumer Protection Act, 2019
  3. C.The Monopolies and Restrictive Trade Practices Act, 1969
  4. D.The Essential Commodities Act, 1955
Show answer
Correct answer: B. The Consumer Protection Act, 2019

The new Act widened the definition of a consumer to cover online, teleshopping and multi-level marketing purchases, created the Central Consumer Protection Authority, introduced product liability and rules for electronic commerce, allowed mediation and e-filing, and renamed the three redressal bodies as Commissions.