CCI - GS questions based on daily current affairs

1)   Which of the following statements is/are correct about Competition Commission of India (CCI)?

1.The tenure of chairman is five years or till the age of 65 years, whichever is earlier
2. Justice A K Sikri committee was appointed for choosing next chairperson.


a. Only 1
b. Only 2
c. Both
d. None
Answer  Explanation 

ANSWER: Both

Explanation:
- a former Gujarat cadre Indian Administrative Service (IAS) officer, was appointed as chairman of fair-trade regulator Competition Commission of India (CCI).
- Devender Kumar Sikri will have a tenure of about two and half years, i.e. till he attains the age of 65 years.
- As per the Competition Act, 2002 a person of ability, integrity and
standing and who has special knowledge of, and such professional experience of not less than fifteen years in, international trade, economics, business, commerce, law finance, accountancy, management, industry, public affairs or competition matters, including competition law and policy, which in the opinion of the Central Government, may be useful to the Commission is eligible for appointment as Chairperson of the Competition Commission of India.