Class Roll No. Mid Term Examination, September 2017 B.A.LL.B. (HONS.) SEMESTER IX Competition Law (Opt.-II) Max. Marks: 20 Max. Time: 1:30 Hrs. Note: Answer any TWO questions out of three. The number of marks carried by a question/ part is indicated against it.
1. Explain 'Agreement' under the Competition Act, 2002. Why is the definition of 'Agreement' under the Act so broad? Explain the status of Joint Ventures under section 3 of the Competition Act, 2002. Whether ipso facto Joint Ventures can be declared as Anti-competitive agreements under the Competition Act, 2002? Discuss the objective of the Celler-Kefauver Act which was enacted in United States in 1950. Also discuss how it strengthened the Clayton Act? (Marks
2. Explain in detail Per se Rule and Rule of Reason as two basic doctrines of Competition Law. Differentiate between Competition Policy and Competition Law with some examples. (Marks
3. (a)Write a brief note on Monopolies Inquiry Commission. What do you mean by relevant product market under the Competition Act, 2002? Also discuss various factors to be considered by the Commission while determining relevant product market. (Marks