SSC MTS EXAM

Detailed explanation-1: -The MRTP bill was passed in 1969 and the MRTP act India came into full force from 1st June 1970.

Detailed explanation-2: -MRTP Act came into existence on 1 June 1970. The law was enacted with the sole aim of achieving the largest possible production with the least damage to people at large whilst securing maximum benefit.

Detailed explanation-3: -The MRTP Act was passed in 1969 to ensure that economic power was concentrated in the hands of a few wealthy individuals. The statute was put in place to prevent monopolistic and restrictive business practices. Except for Jammu and Kashmir, it covered all of India.

Detailed explanation-4: -On the basis of recommendation of Dutt Committee, MRTP Act was enacted in 1969 to ensure that concentration of economic power in hands of few rich. The act was there to prohibit monopolistic and restrictive trade practices. It extended to all of India except Jammu & Kashmir.