Which of the following statements are correct?
(A) In addition to his rights, a consumer should also keep in mind his responsibilities while purchasing goods/services.
(B) From the point of consumers, consumer protection is important because consumers are ignorant, unorganized and exploited by sellers.
(C) Any registered consumers' association can file a complaint.
(D) The Consumer Protection Act provides for setting up of a two-tier enforcement machinery at the District and State levels.
Choose the correct answer from the options given below:
Which of the following statements are correct?
(A) In addition to his rights, a consumer should also keep in mind his responsibilities while purchasing goods/services.
(B) From the point of consumers, consumer protection is important because consumers are ignorant, unorganized and exploited by sellers.
(C) Any registered consumers' association can file a complaint.
(D) The Consumer Protection Act provides for setting up of a two-tier enforcement machinery at the District and State levels.
Choose the correct answer from the options given below:
Solution
Option 1 -> Includes statement (D) which is incorrect as the Act provides a three-tier system (District, State, and National levels), not two-tier.
Option 2 -> Correctly identifies statements (A), (B), and (C) as true while excluding the incorrect statement (D) about the tier system.
Option 3 -> Includes all statements including (D), which incorrectly states a two-tier system when it's actually three-tier.
Option 4 -> Excludes statement (A) which is correct, and includes statement (D) which is incorrect about the number of tiers.
Hence, Option 2: (A), (B) and (C) only -> Statement (A) is correct as consumers have responsibilities along with rights. Statement (B) is correct as consumer protection addresses information asymmetry and exploitation. Statement (C) is correct as registered consumer associations can file complaints under the Act. However, statement (D) is incorrect because the Consumer Protection Act establishes a THREE-tier machinery (District, State, and National levels), not two-tier. -> correct
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