Question : What is the responsibility of consumers under the Consumer Protection Act?
Option 1: Consumers have no responsibilities; only rights
Option 2: Consumers are responsible for ensuring fair trade practices
Option 3: Consumers must report any violation of their rights to the authorities
Option 4: Consumers must pay higher prices for goods and services
Correct Answer: Consumers must report any violation of their rights to the authorities
Solution : The answer is (c). Consumers must report any violation of their rights to the authorities.
The Consumer Protection Act gives consumers certain rights, such as the right to safety, the right to be informed, the right to choose, and the right to be heard. However, consumers also have responsibilities under the Act. One of these responsibilities is to report any violation of their rights to the authorities. This helps to ensure that the Act is enforced and that consumers are protected from unfair trade practices.
By fulfilling their responsibilities, consumers can help to protect themselves from unfair trade practices and ensure that they are treated fairly when buying goods and services.
Question : How does the Consumer Protection Act contribute to the overall welfare of society?
Option 1: By ensuring fair trade practices and protecting consumer rights
Option 2: By promoting monopolies and restricting consumer choices
Option 3: By increasing the prices of goods and services
Option 4: By discouraging the production of quality products
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