Question : Statement 1: The Consumer Protection Act 1986 aims to promote consumer awareness.
Statement 2: It empowers consumers to protect their interests and make informed choices.
Option 1: Both statement 1 and statement 2 are true.
Option 2: Statement 1 is true, but statement 2 is false.
Option 3: Statement 1 is false, but statement 2 is true.
Option 4: Both statement 1 and statement 2 are false.
Correct Answer: Both statement 1 and statement 2 are true.
Solution : The correct answer is (a) Both statement 1 and statement 2 are true.
Statement 1 is true. The Consumer Protection Act 1986 aims to promote consumer awareness. This act recognizes the importance of educating consumers about their rights and responsibilities to make informed choices and protect their interests.
Statement 2 is also true. The act empowers consumers to protect their interests and make informed choices by providing them with legal rights and mechanisms to seek redress and compensation when they are affected by unfair trade practices or defective products.
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