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
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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