Question : Assertion (A): The paradox is a seemingly absurd or contradictory statement, though, often a true statement. Reason (R): It means, an act which is beneficial for an individual, may prove to be harmful for the economy as a whole.
Option 1: Both A and R are true and R is the correct explanation of A.
Option 2: Both A and R are true and R is not the correct explanation of A.
Option 3: A is true but R is false.
Option 4: A is false but R is true.
Correct Answer: Both A and R are true and R is the correct explanation of A.
Solution : A paradox is a statement that appears to be illogical or contradictory but is frequently accurate. It implies that a decision that benefits an individual may end up hurting the economy as a whole. Hence, the correct option is 1.
Question : Assertion (A): The partnership deed may be either written or oral. Reason (R): In order to avoid all misunderstandings and disputes, it is always the best course to have a written agreement duly signed and registered under the Act.
Option 1: Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A)
Option 2: Both Assertion (A) and Reason (R) are true but Reason (R) is not the correct explanation of Assertion (A)
Option 3: Assertion (A) is true but Reason (R) is false
Option 4: Assertion (A) is false but Reason (R) is true
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.
Question : Statement 1: The Consumer Protection Act covers only the purchase of goods.
Statement 2: It does not apply to services availed by consumers.
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