Consider the following statements regarding the changes made to the Monopolies and Restrictive Trade Practices (MRTP) Act under the New Industrial Policy of 1991: 1. The pre-entry clearance requirement for MRTP companies to establish new undertakings or expand existing ones was abolished. 2. The asset threshold limit for defining 'MRTP companies' was raised from Rs. 100 crore to Rs. 500 crore. 3. The MRTP Act was eventually repealed and replaced by the Competition Act, 2002. Which of the statements given above are correct?
Options:
- A: 1 and 2 only
- B: 1 and 3 only
- C: 2 and 3 only
- D: 1, 2 and 3
Related Practice Questions:
- Let $S_1$ and $S_2$ be two disjoint, non-empty convex sets in $\mathbb{R}^n$. Under which of the following conditions is there guaranteed to exist a hyperplane that strictly separates $S_1$ and $S_2$?
- Let the primal linear programming problem be: Maximize $Z = c^T x$ subject to $Ax \le b, x \ge 0$. If this primal problem has an unbounded optimal objective value, then which of the following statements is always true regarding its dual problem?
- Let $S = \{(x, y) \in \mathbb{R}^2 \mid x^2 + y^2 \le 9\}$ be a convex set in $\mathbb{R}^2$. The set of all extreme points of $S$ is given by:
- In a linear programming problem with $3$ independent equality constraints and $5$ variables (including slack/surplus variables), what is the maximum possible number of basic solutions?