Skip to content

CA Foundation · Business Laws · Indian Regulatory Framework

A dispute over a company's alleged abuse of dominant position is brought up in a market. Separately, a borrower disputes a bank's action. Which allocation of regulators or bodies is correct?

The Competition Commission of India deals with abuse of dominant position because it enforces competition law, while the Reserve Bank of India regulates banks and their conduct. SEBI, IRDAI and the Ministry of Corporate Affairs do not hold these specific functions.

  1. AThe Competition Commission of India examines the abuse of dominance; RBI regulates the bank's banking conductCorrect
  2. BRBI examines the abuse of dominance; CCI regulates the bank's banking licence
  3. CSEBI examines the abuse of dominance; IRDAI regulates the bank
  4. DIRDAI examines the abuse of dominance; MCA regulates the bank's banking conduct

Explanation

The CCI enforces competition law, including prohibition of abuse of dominant position and anticompetitive agreements. RBI is the banking regulator, issuing licences and directions to banks. The other options attribute competition or banking functions to bodies lacking them, such as SEBI, IRDAI or MCA.

Did you get it right without looking?

One question tells you little. A timed set on Indian Regulatory Framework shows your real accuracy, how long you take and where you lose marks.

Practise Indian Regulatory FrameworkFree diagnostic mock

More Indian Regulatory Framework questions