Which of the following statements is are CORRECT 1 The Consumer Protection Act ndash 1986 was enacte...........

Indian Polity Fundamental Rights

Which of the following statements is/are CORRECT?

1. The Consumer Protection Act – 1986 was enacted to better protect the interests of consumers by establishing a four-tier quasi-judicial consumer dispute redressal machinery, popularly called Consumer Fora at the national, state, district and block levels for settlement of consumer disputes

2. Consumer Welfare Fund created in 1992, protect the welfare of the consumer, create consumer awareness and strengthen consumer movement in the country, particularly in rural areas

3. Organisation engaged in customer welfare activities for a period of three years and registered under the Companies Act, 1956 are eligible for seeking financial assistance from the Consumer Welfare Fund

1 only

2 and 3 only

1 and 2 only

All of the above

छोटे Courses बड़े Results

Master Fundamental Rights

Prepare through Micro-courses

Try Now

Explanation:

Consumer Protection Act, 1986 is an Act of the Parliament of India enacted in1986 to protect the interests of consumers in India. To provide speedy and simple redressal to consumer disputes, a quasi-judicial machinery is sought to be set up at the district, State and Central levels. These quasijudicial bodies will observe the principles of natural justice and have been empowered to give relief of a specific nature and to award, wherever appropriate, compensation to consumers. Penalties for non-compliance of the orders given by the quasi-judicial bodies have also been provided.