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Unit 5: The Competition Act, 2002

4. Any agreement between enterprises or persons referred Notes

(a) Bid-rigging (b) Bid-singing
(c) Bid-locking (d) None
5. Design registered under the
(a) Design Act, 2003 (b) Design Act, 2001
(c) Design Act, 2000 (d) Design Act, 2002
6. A market comprising the area in which the conditions of competition for supply of goods
known as:
(a) Relevant Product Market (b) Relevant Geographic Market
(c) Relevant Market (d) None

7. Commission shall maintain proper accounts and other relevant records and prepare an
annual statement of accounts under section.
(a) 51 (b) 53
(c) 54 (d) 52

8. CCI established under
(a) Sec.7 (b) Sec.9
(c) Sec.8 (d) Sec.6
9. All of the following are the power and functions of commission EXCEPT?

(a) Power to award compensation (b) Power to review its own orders
(c) Inquiring into certain agreements (d) Power to reject the orders
10. Prohibition of entering into anti-competitive agreement comes under
(a) Sec.2 (b) Sec.6(2)
(c) Sec.2 (1) (d) Sec.3

5.12 Review Questions

1. Describe the provisions as regards prohibition of anti-competitive agreements.
2. What are the circumstances under which combination is construed?
3. Explain the provisions relating to regulation of combinations.
4. Is there any restrictions and other terms and conditions of service of Chairperson and other
members?
5. Describe the provisions as regards ‘Benches of Commission’ and ‘Distribution of business
of Commission amongst Benches’.

6. Explain the power if the Competition Commission to enquires into anti-competitive
agreements and dominant position of enterprises.
7. Under what situations, the Central Government can order division of enterprise enjoying
dominant position?
8. Describe the provisions as regards duties of the Director General to investigate contravention
of the provision of the Act.

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