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Consider the following Facts about Consumer Protection Act :

(A) Getting relief against unfair trade practices by a consumer is called right to be heard

(B) A seller is not a King in a free market economy

(C) 'Caveat emptor' means 'Let the buyer beware'

(D) Right of Consumer for being well informed throughout life, is called right to be informed

(E) Freedom to consumer for accessing variety of Products is right to be assured.

Choose the correct answer from the options given below :

Solution

Correct Option: 4

(A) is incorrect, as getting relief against unfair trade practices refers to the right to seek redressal, not the right to be heard.


(B) is correct, as in a free market economy the consumer is considered important, not the seller alone.


(C) is correct, as ‘Caveat emptor’ means ‘Let the buyer beware’.


(D) is incorrect, as right to be informed refers to being informed about products, not lifelong education.


(E) is correct, as freedom to access a variety of products relates to the right to choose (assured access to variety).


Correct answer:

(B),(C);and;(E);only(B), (C) ; \text{and} ; (E) ; \text{only}

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