Q1. In 2022, Sangeeta Verma was appointed as the 'Competition Commission of India's (CCI) Chairperson.
Which of the following is correct regarding her role and responsibilities?
- (a) Regulating foreign trade and setting import-export duties
- (b) Promoting and sustaining fair competition in Indian markets
- (c) Drafting national education policies and curricula
- (d) Supervising the functioning of public sector banks
Answer & solution
Answer: (b) Promoting and sustaining fair competition in Indian markets
Option (a) is incorrect: Regulating foreign trade and setting import-export duties is the role of the Directorate General of Foreign Trade (DGFT) under the Ministry of Commerce.
Option (c) is incorrect: Drafting national education policies and curricula falls under the Ministry of Education, not CCI.
Option (d) is incorrect: Supervising public sector banks is the role of the Reserve Bank of India (RBI) and the Ministry of Finance.