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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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Team Careers360 2nd Jan, 2024
Answer (1)
Team Careers360 9th Jan, 2024

Correct Answer: Corporate Affairs


Solution : The correct answer is Corporate Affairs.

The Competition (Amendment) Bill 2022 belongs to the Ministry of Corporate Affairs. The Bill amends the definition of turnover to include global turnover derived from all products and services by a person or an enterprise. The amendment allows for penalties for competition law violations based on a company's global turnover rather than just its turnover in India.

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