Consider the following statements about Consumer Protection Act CPA 1986 1 CPA covers...........

Indian Polity Fundamental Rights

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Consider the following statements about Consumer Protection Act (CPA), 1986?

1. CPA covers both goods and services

2. CPA mandates setting up of Consumer council at National, State and District levels

3. A consumer welfare fund has been established for providing interim financial assistance to consumers

Select the correct answer using codes given below.

1 and 2

1 and 3

2 and 3

All of above

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Explanation:

3rd statement is incorrect.
Consumer Welfare Fund was created in 1992 with the objective of providing financial assistance to promote and protect the welfare of the consumer, create consumer awareness and strengthen consumer movement in the country, particularly in rural areas. The Department of Consumer Affairs operates the fund, setup by the Department of Revenue under the Central Excise and Salt Act, 1944.