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.
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 (b) Both the assertion and the reason are correct, but the reason is not the correct explanation of the assertion.
This assertion is correct. The Consumer Protection Act is designed to protect consumers from unfair and deceptive trade practices by businesses.
The reason is also correct, but it is not the direct explanation of the assertion. While the Consumer Protection Act does provide consumers with the right to claim compensation for losses or injuries caused by defective products, this is just one aspect of consumer protection. Unfair trade practices can include various other deceptive or fraudulent activities beyond the scope of product defects.
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.
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