Question : The Consumer Protection Act covers the protection of consumers in which areas?
Option 1: Goods only
Option 2: Services only
Option 3: Both goods and services
Option 4: None of the above
Correct Answer: Both goods and services
Solution : The correct answer is (c) Both goods and services.
The Consumer Protection Act covers the protection of consumers in both the areas of goods and services. The act is designed to safeguard the interests of consumers in their interactions with sellers, manufacturers, service providers, and businesses.
The act applies to various aspects related to goods and services, including:
1. Goods: The act provides protection to consumers who purchase tangible products or goods. It covers issues such as product quality, safety, labeling, warranties, product defects, misleading advertisements, unfair trade practices, and product recalls.
2. Services: The act also extends its protection to consumers who avail themselves of various services. It covers services such as healthcare, education, banking, insurance, telecommunication, real estate, travel, and many others. It addresses concerns related to service quality, deficiency, negligence, unfair practices, and misleading representations.
The Consumer Protection Act establishes consumer rights, defines the responsibilities of sellers and service providers, establishes mechanisms for grievance redressal, and promotes consumer education and awareness. Its aim is to create a fair and balanced relationship between consumers and businesses, ensuring that consumers are protected from unfair or deceptive practices in both the goods and services sectors.
Question : Consumers need protection against mal practices of the sellers.Which importance of consumer protection is highlighted in the given statement?
Option 1: Consumer ignorance
Option 2: Unorganised consumers
Option 3: Widespread exploitation of consumer
Question : Consumers might be exploited by unscrupulous practices. Which importance of consumer protection is highlighted in the given statement?
Question : Statement 1: The Consumer Protection Act covers only the purchase of goods.
Statement 2: It does not apply to services availed by consumers.
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.
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