Question : Statement 1: The Consumer Protection Act 1986 ensures that consumers have access to accurate and relevant information about products and services.
Statement 2: It empowers consumers to make informed decisions and protects them from deceptive practices.
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 1986 aims to ensure that consumers have access to accurate and relevant information about products and services. This is achieved through various provisions in the act that require businesses to provide transparent and truthful information to consumers.
Statement 2 is also true. The Consumer Protection Act 1986 empowers consumers to make informed decisions by protecting them from deceptive and unfair trade practices. It provides consumers with legal rights and mechanisms to seek redress and compensation when they are victims of deceptive practices.
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