Which of the following statements are correct ?
(A) The Consumer Protection Act seeks to protect and promote the consumers interest.
(B) Consumer Protection Act was laid down in the year 1947.
(C) It is the moral duty of any business to take care of consumers interests.
(D) A business has social responsibilities towards various interest groups.
(E) Government of India has enacted several regulations designed to provide adequate protection to consumers.
Choose the correct answer from the options given below :
Which of the following statements are correct ?
(A) The Consumer Protection Act seeks to protect and promote the consumers interest.
(B) Consumer Protection Act was laid down in the year 1947.
(C) It is the moral duty of any business to take care of consumers interests.
(D) A business has social responsibilities towards various interest groups.
(E) Government of India has enacted several regulations designed to provide adequate protection to consumers.
Choose the correct answer from the options given below :
Solution
The Consumer Protection Act seeks to protect consumers (A correct). It was passed in 1986, not 1947 (B wrong). Business has a moral duty to consumers (C correct) and social responsibilities to interest groups (D correct). The Government has enacted several regulations for consumer protection (E correct). Hence A, C, D, E are correct.
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