Question : According to the Competition Amendment Bill, 2022, the penalty for gun-jumping is proposed to be______of the deal value.
Option 1: 0.5%
Option 2: 1.5%
Option 3: 1%
Option 4: 2%
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Correct Answer: 1%
Solution : The correct answer is 1%.
The proposed amendment to the Competition Act, of 2002, was introduced in the Lok Sabha, focusing on addressing the issue of "gun jumping." Gun jumping occurs when parties involved in a merger or acquisition close the deal before obtaining regulatory approval or fail to report a significant transaction to the Competition Commission. The amendment suggests changing the penalty for gun jumping from 1% of the assets or turnover to 1% of the deal value, aiming to strengthen regulatory oversight and ensure compliance with competition laws.
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Question : Which bill passed in the Lok Sabha in 2022 seeks to converge the National Rail and Transportation Institute, Vadodara (a deemed university) to the Gati Shakti Vishwavidyalaya?
Option 1: The Appropriation Bill
Option 2: The Competition (Amendment) Bill
Option 3: Central Universities (Amendment) Bill
Option 4: University Laws (Amendment) Bill
Question : Which Bill passed in the Lok Sabha in 2022 is for unification of three Municipal Corporations in one of the States/Union Territories of India?
Option 1: Karnataka Municipal Corporation (Amendment) Bill
Option 2: Chandigarh Municipal Corporation (Amendment) Bill
Option 3: Puducherry Municipal Corporation (Amendment) Bill
Option 4: Delhi Municipal Corporation (Amendment) Bill
Question : The Competition (Amendment) Bill, 2022 belongs to _______ Ministry of India.
Option 1: Tribal Affairs
Option 2: Corporate Affairs
Option 3: Finance
Option 4: Law and Justice
Question : Which Bill was passed in the Parliament in 2022 to authorise payment certain sums from and out of the Consolidated Fund of India for the services of the financial year 2022-23?
Option 1: The Finance Bill
Option 2: The Electricity (Amendment) Bill
Option 3: The Appropriation Bill
Option 4: The Wild Life (Protection) Amendment Bill
Question : Which among the following bills passed in Parliament in 2022 replaced the Identification of Prisoners Act, 1920?
Option 1: The Election Laws (Amendment) Bill
Option 2: The Farm Laws Repeal Bill
Option 3: The Criminal Procedure (Identification) Bill
Option 4: The Central Vigilance Commission (Amendment) Bill
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