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Kiran Ltd. suspects that a rival has entered into an agreement with other suppliers to fix prices and limit competition in the cement market. Which regulator is empowered to examine and act against such anti-competitive agreements?

The Competition Commission of India deals with anti-competitive agreements such as price fixing and cartels. SEBI regulates securities markets, IRDAI insurance and RBI banking, so they are not the authority for competition matters in the cement market.

  1. ASecurities and Exchange Board of India
  2. BInsurance Regulatory and Development Authority of India
  3. CCompetition Commission of IndiaCorrect
  4. DReserve Bank of India

Explanation

The Competition Commission of India administers the Competition Act and deals with anti-competitive agreements and abuse of dominant position. SEBI regulates securities markets, IRDAI regulates insurance, and RBI regulates banking and monetary matters, so none of them deals with price-fixing agreements in cement.

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