Competition Commission of IndiaWhich of the following is a function of the Competition Commission of India?Preventing competition in the marketPreventing abuse of dominance in the marketProtecting the interests of consumersEnsuring fair treatment of employees
Question
Competition Commission of IndiaWhich of the following is a function of the Competition Commission of India?Preventing competition in the marketPreventing abuse of dominance in the marketProtecting the interests of consumersEnsuring fair treatment of employees
Solution
The functions of the Competition Commission of India include:
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Preventing abuse of dominance in the market: The Competition Commission of India (CCI) ensures that no company or group of companies abuses its dominant position in the market. This is done to ensure fair competition and to prevent any adverse effects on the consumers or the economy.
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Protecting the interests of consumers: The CCI also works to protect the interests of the consumers. It ensures that the practices of the companies do not lead to adverse effects on the consumers.
However, preventing competition in the market and ensuring fair treatment of employees are not the functions of the Competition Commission of India. The CCI's main focus is to promote and sustain competition in the markets, not to prevent it. And while ensuring fair treatment of employees is important, it falls under the purview of labor laws and regulations, not the CCI.
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