. As a consequence of economic reforms, the MRTP Act 1969
As a consequence of economic reforms, the MRTP Act 1969 was replaced by the Competition Act the year.
- The Competition Act replaced the Monopolies and, Restrictive Trade Practices (MRTP) Act in 2002.
- It established a new authority, known as the Competition Commission of India, to replace the MRTP.
- The CCI is responsible for enforcing the Competition Act, which prohibits certain agreements, and abuse of dominant position by enterprises, and regulates combinations of acquisition, acquiring of control, and M&A, likely to cause an appreciable contrary effect on competition within India.
Hence, the correct option is B. 2002.