Which of the following statement(s) is/are correct about the ‘Competition Commission of India’?

1. It is an executive body formed by the President of India on the recommendation of Union Cabinet in the year 2003.

2. It prohibits anti-competitive agreements, abuse of dominant positions by enterprises and regulates combinations (acquisition, acquiring of control and M&A).

3. It can also give opinion on competition issues on a reference received from a statutory authority established under any law.

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Which of the following statement(s) is/are correct about the ‘Competition Commission of India’?

1. It consists of a Chairperson and not more than 10 members appointed by the President of India by warrant under his hand and seal.

2. The Commission is entrusted with the enforcement of the Competition Act, 2002.

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Which of the following statement(s) is/are correct about the ‘Foreign Exchange Management Act’?

1. Under FEMA, every transaction involving a resident and a non-resident can be classified as either a capital account or a current account transaction.

2. The act was introduced as a replacement for earlier Foreign Exchange Regulation Act.

3. The 2022 rules prohibit making investments into foreign entities engaged in real estate activity, gambling in any form, and dealing with financial products linked to the Indian rupee without the approval of RBI.

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Which of the following can be defined as a ‘person resident in India’ as per the Foreign Exchange Management Act?

1. An office, branch or agency in India owned or controlled by a person resident outside India.

2. An office, branch or agency outside India owned or controlled by a person resident in India

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Which of the following statement(s) is/are correct about ‘Pandurang Khankhoje’?

1. He was an accomplice in the Kakori conspiracy in 1925.

2. He was inspired by the Mexican Revolution of 1910 which had led to the overthrow of dictatorial regime.

3. He was one of the founding members of the Ghadar Party.

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