Question : Assertion: The Consumer Protection Act aims to protect consumers from unfair trade practices and ensure fair competition in the market.
Reason: It promotes ethical business practices among producers and empowers consumers to seek compensation for any loss or injury.
Option 1: Both the assertion and the reason are correct, and the reason is the correct explanation of the assertion.
Option 2: Both the assertion and the reason are correct, but the reason is not the correct explanation of the assertion.
Option 3: The assertion is correct, but the reason is incorrect.
Option 4: The assertion is incorrect, but the reason is correct.
Correct Answer: Both the assertion and the reason are correct, but the reason is not the correct explanation of the assertion.
Solution : The correct answer is (a) Both the assertion and the reason are correct, and the reason is the correct explanation of the assertion.
This is correct. The Consumer Protection Act (CPA) provides a number of safeguards for consumers, including the right to be informed about the quality, quantity, potency, purity, standard and price of goods or services; the right to be protected against marketing of goods and services which are hazardous to life and property; the right to be assured of access to a variety of goods and services at competitive prices; and the right to seek redressal against unfair or restrictive trade practices.
This is also correct. The CPA prohibits a number of unfair trade practices, such as misleading advertising, false labeling, and bait-and-switch tactics. It also establishes a number of mechanisms for consumers to seek redressal, including consumer courts and the Central Consumer Protection Authority (CCPA).The reason is the correct explanation of the assertion because the CPA's aim of protecting consumers from unfair trade practices is achieved by promoting ethical business practices among producers and empowering consumers to seek compensation for any loss or injury.
Question : Assertion: The Consumer Protection Act protects consumers from unfair trade practices.
Reason: It ensures that consumers have the right to claim compensation for any loss or injury caused by defective products.
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