Question : Statement 1: The Consumer Protection Act aims to protect consumers from unfair trade practices.
Statement 2: It encourages consumers to be vigilant and assertive while making purchases.
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 accurately states that the Consumer Protection Act aims to protect consumers from unfair trade practices, which is one of its primary objectives. The act provides consumers with legal recourse and mechanisms for addressing unfair and deceptive trade practices.
Statement 2 is also true. The Consumer Protection Act does encourage consumers to be vigilant and assertive when making purchases. By knowing their rights, consumers can make informed decisions, seek redress for grievances, and ultimately protect themselves from unfair practices.
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.
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