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State with Reasons Whether the Following Statements Are True Or False. the Consumer Protection Act is a Blessing for Consumers. - Organisation of Commerce and Management

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Question

State with reasons whether the following statement is True or False.
The Consumer Protection Act is a blessing for consumers.

Options

  • True

  • False 

MCQ
True or False

Solution

Consumer protection act is blessing for the consumers - True
Explanation:
The Consumer Protection Act is a blessing for consumers because the Act aims at ensuring protection of consumers’ interests against various forms of exploitation. Under the Act, a three-tier machinery comprising District Forums, State Commissions and the National Commission has been set up for the speedy redressal of consumer grievances.

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Consumer Protection Act 1986 (COPRA)
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Chapter 5: Consumer Protection - True or False [Page 138]

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