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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 Consider the following statements -

1. In Lok Sabha, the Speaker can suspend the the member of the house for unruly behaviour. However, the Chairman of the Rajya Sabha has no such power to suspend the member of his/her house.

2. The suspension of a member of house in Lok Sabha is mentioned in the Rules of Procedure and Conduct of Business rules, however, no such rulebook exists for the Rajya Sabha.

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Which of the following statement(s) is/are correct about the ‘Revamped Distribution Sector Scheme’?

1. It is a scheme launched to improve the operational efficiencies and financial sustainability of all DISCOMs/power sector companies.

2. It aims to bring the AT&C losses and ACS-ARR gap to zero by the year 2024-25.

3. It has a component of mandatory prepaid smart metering throughout the country for all consumers.

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Which of the following statement(s) is/are correct about the ‘Ujwal Discom Assurance Yojana’?

1. The scheme mandates that the state governments have to take over 50% of the debt of the DISCOMs over a period of time.

2. The states can issue non-SLR including SDL bonds in the market or directly to the respective banks/financial institutions holding the DISCOM debt.

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