2 Views

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)
Team Careers360 17th 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.

Know More About

Related Questions

Admission & Career Expo
Apply
50+ Institutes | 200+ Programs | ₹2000 cashback on Application fee | 100+ Scholarship | On-spot admission offer
Amity University,Noida BBA Ad...
Apply
Ranked amongst top 3% universities globally (QS Rankings)
Lovely Professional Universit...
Apply
India's Largest University | 100% Placements Record | Highest CTC 3 Cr PA | Application End Date : 30th Jun'24
AIMS-ATMA 2024
Apply
National Level Entrance Test | Recognized by Over 200 Top B-Schools across India
Tapasya College of Commerce &...
Apply
150+ recruiters | 100% placement track record
Amity University, Noida B.Tec...
Apply
Asia's Only University with the Highest US & UK Accreditation
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books