Question : Statement 1: The Consumer Protection Act encourages consumers to be responsible while exercising their rights.
Statement 2: It expects consumers to make reasonable and informed choices while purchasing goods and services.
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 correctly states that the Consumer Protection Act encourages consumers to be responsible while exercising their rights. While the act grants consumers various rights, it also emphasizes the importance of responsible consumer behavior.
Statement 2 is also true. The Consumer Protection Act expects consumers to make reasonable and informed choices while purchasing goods and services. Informed decision-making is a key aspect of consumer protection, as it empowers consumers to protect their own interests.
