SSC
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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In MRTP, P stand for ____
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Policy
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Practical
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Practice
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Political
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Explanation:
Detailed explanation-1: -Rating. Unlock Full Solution (Free) The correct answer is Monopolies and Restrictive Trade Practices. Key Points. MRTP stands for Monopolistic and Restrictive Trade Practices.
Detailed explanation-2: -MRTP stands for Monopoly and Restrictive Trade Practices. It was an act that was implemented in 1969 to prohibit restrictive and monopolistic trade practices.
Detailed explanation-3: -Section 36-A of the MRTP Act, 1969 explicitly prohibits firms from indulging in Unfair Trade Practices (UTPs). The provision against Unfair Trade Practices was inserted by the 1984 Amendment to the MRTP Act.
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