Competition Commission of India: Type & chairman- General Economics & Indian Economy
Q. Consider the following statements
1. Competition Commission of India is a constitutional body
2. Being a quasi-judicial body so the appointment appointment of the Chairman is nominated by higher Judicial body or the Chief Justice of India
Which of the above statements is/are correct?- Published on 05 May 15a. Only 1
b. Only 2
c. Both
d. None
ANSWER: None
Competition Commission of India was established by the The Competition Act, 2002 so it is a statutory body.The various provisions of the Act indicate that the CCI was required to perform adjudicatory functions, even though the appointment of the Chairman was neither from the higher Judicial body nor was the Chief Justice of India or his nominee involved in his selection. It was established on 14 October 2003.
