Question : Assertion: The National Consumer Disputes Redressal Commission is the highest level of the three-tier system under the Consumer Protection Act.
Reason: It handles consumer complaints where the value of goods and services exceeds Rs. 1 crore.
Option 1: Both the assertion and the reason are correct, and the reason is the correct explanation of the assertion.
Option 2: Both the assertion and the reason are correct, but the reason is not the correct explanation of the assertion.
Option 3: The assertion is correct, but the reason is incorrect.
Option 4: The assertion is incorrect, but the reason is correct.
Correct Answer: Both the assertion and the reason are correct, and the reason is the correct explanation of the assertion.
Solution : The correct answer is (a) Both the assertion and the reason are correct, and the reason is the correct explanation of the assertion.
This assertion is correct. The National Consumer Disputes Redressal Commission (NCDRC) is indeed the highest level in the three-tier system established under the Consumer Protection Act. It is the apex consumer court in India.
The reason is also correct and provides a correct explanation for the assertion. The NCDRC typically handles consumer complaints where the value of goods and services exceeds a certain threshold, which is typically Rs. 1 crore. This is accurate information regarding the jurisdiction of the National Commission.