Question : Statement 1: The National Consumer Disputes Redressal Commission has the highest jurisdiction under the Consumer Protection Act.
Statement 2: It can handle cases where the value of goods and services exceeds Rs. 1 crore.
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 is true. The National Consumer Disputes Redressal Commission (NCDRC) indeed has the highest jurisdiction under the Consumer Protection Act. It serves as the apex consumer court at the national level.
Statement 2 is also true. The NCDRC can handle cases where the value of goods and services exceeds Rs. 1 crore. It has jurisdiction over cases involving significant amounts, making it the appropriate forum for handling substantial consumer disputes.
