Question : The State Commission has the authority to hear complaints under The Consumer Protection Act of 1986 when the value of the products or services paid as consideration along with the compensation requested is __________.

Option 1: up to Rs.20 lakhs

Option 2: more than Rs.20 lakhs, up to Rs.1 crore

Option 3: more than Rs.1 crore

Option 4: None of these

Question : When the value of the goods or services received in exchange is ____, the National Commission has the authority to consider complaints.

Option 1: up to Rs.20 lakhs

Option 2: more than Rs.20 lakhs, up to Rs.1 crore

Option 3: more than Rs.1 crore

Option 4: None of these

Question : If the State Commission receives a complaint that includes both the value of the claimed compensation and the goods or services:

Option 1: exceeds Rs.20 lakh, but is less than Rs.1 crore

Option 2: does not exceed Rs.20 lakh exceeds Rs.10 lakh

Option 3: exceeds Rs.10 lakh

Option 4: exceeds Rs.50 lakh

Question : Prakash Ltd. purchased assets worth Rs.2,20,000 and also took over the liabilities (creditors) of Rs.40,000 of Ajay Ltd. for a purchase consideration of Rs.1,92,000. Prakash

Ltd. paid the purchase consideration by issuing 12% debentures of Rs.100 each at a premium of 20%.

Amount of Net assets are ------

Option 1: Rs 2,20,000

Option 2: Rs 40,000

Option 3: Rs 1,80.000

Option 4: None of these

Question : What is the maximum compensation that can be awarded by the National Consumer Disputes Redressal Commission?

Option 1: Rs. 10,000

Option 2: Rs. 1 lakh

Option 3: Rs. 10 lakhs

Option 4: No limit on compensation