Question : The District forums will take complaints into consideration when the stated worth of the products and services along with the compensation 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
Correct Answer: up to Rs.20 lakhs
Solution : The District forums will take complaints into consideration when the stated worth of the products and services along with the compensation is upto Rs.20 lakhs. Hence, the correct option is 1.
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 __________.
Question : When the value of the goods or services received in exchange is ____, the National Commission has the authority to consider complaints.
Question : If the State Commission receives a complaint that includes both the value of the claimed compensation and the goods or services:
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
Question : What is the maximum compensation that can be awarded by the National Consumer Disputes Redressal Commission?
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