Q. With reference to Competition Commission of India consider the following statements:
1.It is a statutory body of the Government of India responsible for enforcing the Competition Act, 2002.
2.It comprises four members and one chairperson.
3.The objectives of the commission are to promote and sustain competition and ensure freedom of trade in the markets of India.
Which of the statements given above are correct?

[A] 1 and 2 only

[B] 2 and 3 only

[C] 1 and 3 only

[D] 1, 2 and 3

Answer: C
Notes:

Statement 1: Competition Commission of India (CCI) is a statutory body of the Government of India responsible for enforcing the Competition Act, 2002.

Statement 2: The statement is incorrect. The commission comprises six members and one chairperson and they are appointed by the central government.

Statement 3: The objectives of the commission are to promote and sustain competition, and ensure freedom of trade in the markets of India.

Source: India Today

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