ECONOMICS
PROPERTY RIGHTS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Either A or B
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None of the above
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Detailed explanation-1: -Consumer Protection Act is one of the main laws that provide protection to consumers in India. The Act was introduced in the year 1986 and then amended in the year 2002 through the Consumer Protection Amendment Act, 2002.
Detailed explanation-2: -The Consumer Protection Act, implemented in 1986, gives easy and fast compensation to consumer grievances. It safeguards and encourages consumers to speak against insufficiency and flaws in goods and services. If traders and manufacturers practice any illegal trade, this act protects their rights as a consumer.
Detailed explanation-3: -Their powers may include passing laws, establishing the government’s budget, confirming executive appointments, ratifying treaties, investigating the executive branch, impeaching and removing from office members of the executive and judiciary, and redressing constituents’ grievances.
Detailed explanation-4: -The Consumer Protection Act, 1986 (COPRA) Indian Contract Act, 1972. The Sales of Good Act, 1930. The Essential Commodities Act, 1955. The Agricultural Produce (Grading and Marking ) Act, 1937. The Prevention of Food Adulteration Act, 1954. The Standards of Weights and Measures Act, 1976. More items