Question

2. Which act was removed under NEP 1991.
a) MNRP
b) MMRP
c) MRTP
d) MRRP​

Answer 1

Answer:

MRTP

Explanation:

The Monopolies & Restrictive Trade Practices (MRTP) Act was repealed to eliminate the need for prior approval by large companies for capacity expansion or diversification. Areas reserved for the public sector were narrowed down and greater participation by private sector was permitted in core and basic industries.

Answer 2

MRTP

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