Question : The Competition (Amendment) Bill, 2022 aims to regulate mergers and acquisitions based on the value of transactions and says that deals with a transaction value of more than Rs 2,000 crore will require the Competition Commission of India's approval. For faster approvals, the proposed law also says the timeline for CCI to pass an order on such transactions will be reduced to __________ days from 210 days.
Option 1: 175
Option 2: 120
Option 3: 200
Option 4: 150
Correct Answer: 150
Solution : The correct answer is 150.
Despite opposition, the Competition (Amendment) Bill, 2022, was passed in the Lower House to amend the Competition Act of 2002. The proposed law further states that the time frame for CCI to pass an order on such transactions will be shortened from 210 days to 150 days to expedite approvals.
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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%
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 : The words 'socialist' and 'secular' were inserted in the Preamble of the Constitution by_______.
Option 1: The 16th Amendment
Option 2: The 7th Amendment
Option 3: The 42nd Amendment
Option 4: The 44th Amendment
Question : A and B working together can complete a job in 90 days. The ratio of their efficiencies is 3 : 5. In how many days can the faster person complete the job?
Option 1: 90 days
Option 2: 80 days
Option 3: 144 days
Option 4: 118 days
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
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