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Question : Statement 1: The Consumer Protection Act 1986 is significant legislation in India.

Statement 2: It aims to protect the interests and rights of consumers.

 

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.


Team Careers360 4th Jan, 2024
Answer (1)
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Team Careers360 20th Jan, 2024

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 is indeed a significant and important piece of legislation in India that has been enacted to safeguard the rights and interests of consumers.

Statement 2 is also true. The primary objective of the Consumer Protection Act 1986 is to protect the interests and rights of consumers by providing a legal framework for addressing consumer grievances, ensuring fair and transparent business practices, and promoting consumer welfare.

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