Consumers have a right to seek ______ against unfair trade practices and exploitation.
Consumer Rights: Seeking Redressal
Consumers have legal rights to protect them from unfair business activities. When faced with issues like misleading information, faulty products, or poor service, consumers can take action.
Understanding Unfair Trade Practices
Unfair trade practices refer to business actions that are deceptive, fraudulent, or harmful to consumers. Examples include false advertising, selling substandard goods, or hoarding.
The Right to Redressal
The term that best fits the blank is Redressal. Consumers have the right to seek redressal against unfair trade practices and exploitation. This means they have the right to seek a remedy, compensation, or resolution for the harm caused.
- Penalty: This is punishment imposed on the seller/trader, not the direct remedy sought by the consumer.
- Sympathy: Emotional support is not a legal recourse.
- Injury: This refers to the harm suffered, not the remedy sought.
- Redressal: This is the appropriate term for seeking a remedy or compensation.
Therefore, consumers have a right to seek Redressal.
Important Questions from External Sector and Currency Exchange rate
Consider the following :
1. Foreign currency convertible bonds
2. Foreign institutional investment with certain conditions
3. Global depository receipts
4. Non-resident external deposits
Which of the above can be included in Foreign Direct Investments?
Procedure for online trading involve(s) which of the following step(s)?
I. Make an application to open a Demat Account and Online Trading Account.
II. Allocate funds from the bank account to the trading account.
III. Once the order is confirmed, it is placed in the stock exchange through the online trading system.
The balance of payments of a country is a systematic record of
Which one of the following continents accounts for the maximum share in exports from India?
What is the idea that a country should be self-sufficient and not participate in international trade called?
