The Monopolistic and Restrictive Trade Practices Act was passed in the year ______.

The correct answer is 1969.

Key Points

• MRTP Act was passed in 1969 and became effective from 1970.
• MRTP stands for Monopolies and Restrictive Trade Practices.
• This Act was enacted to prevent the concentration of economic power to common detriment, control monopolies, and prohibit monopolistic and restrictive trade practices (MRTP) and matters connected therewith.

Additional Information Monopolistic and Restrictive Trade Practice under MRTP Act, 1969

• The Monopolistic and Restrictive Trade Practices Act, 1969, was enacted.
  • To ensure that the operation of the economic system does not result in the concentration of economic power in hands of few,
  • To provide for the control of monopolies, and
  • To prohibit monopolistic and restrictive trade practices.
  • The MRTP Act extends to the whole of India except Jammu and Kashmir.