Q. On the basis of recommendations of Raghavan Committee , the Government of India has enacted The Competition Act in year ?
Answer: 2003
Notes: The Competition Act was enacted in India in 2002 based on the recommendations of the Raghavan Committee, which aimed to promote fair competition and prevent monopolistic practices. The Act replaced the Monopolies and Restrictive Trade Practices Act of 1969 and established the Competition Commission of India (CCI) to oversee and enforce competition laws.