7 Views

Question : How does the Consumer Protection Act contribute to the overall welfare of society?

 

Option 1: By ensuring fair trade practices and protecting consumer rights

Option 2: By promoting monopolies and restricting consumer choices

Option 3: By increasing the prices of goods and services

Option 4: By discouraging the production of quality products


Team Careers360 2nd Jan, 2024
Answer (1)
Team Careers360 24th Jan, 2024

Correct Answer: By ensuring fair trade practices and protecting consumer rights


Solution : The correct answer is (a) By ensuring fair trade practices and protecting consumer rights.

The Consumer Protection Act contributes to the overall welfare of society by ensuring fair trade practices and protecting consumer rights. It establishes a legal framework that aims to create a balance between the interests of consumers and businesses, promoting a fair and transparent marketplace. The Consumer Protection Act, through its provisions and enforcement, aims to create a harmonious and equitable marketplace where consumers can confidently engage in transactions and exercise their rights. By doing so, it contributes to the overall welfare and well-being of society.

Related Questions

Amity University-Noida B.Tech...
Apply
Among top 100 Universities Globally in the Times Higher Education (THE) Interdisciplinary Science Rankings 2026
Amity University-Noida M.Tech...
Apply
Among top 100 Universities Globally in the Times Higher Education (THE) Interdisciplinary Science Rankings 2026
Amity University-Noida MBA Ad...
Apply
Ranked among top 10 B-Schools in India by multiple publications | Top Recruiters-Google, MicKinsey, Amazon, BCG & many more.
Amity University-Noida BBA Ad...
Apply
Among top 100 Universities Globally in the Times Higher Education (THE) Interdisciplinary Science Rankings 2026
RV University, Mysuru | B.Tec...
Apply
World-class and highly qualified engineering faculty. High-quality global education at an affordable cost
New Horizon College BBA Admis...
Apply
UG Admissions 2026 open| NAAC ‘A’ grade | Merit-based Scholarships available.
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