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Question

Rights of consumers which are promoted under the Consumer Protection Act are:
A. Right to be heard
B. Right to safety
C. Right to choose
D. Right to seek redressal
E. Right to reduce price

The correct answer is
4. A, C, D, E only

Understanding Consumer Rights Under the Act

The Consumer Protection Act is designed to protect consumers from unfair trade practices and ensure they receive fair treatment. It promotes several key rights.

Key Consumer Rights Promoted

  • Right to be heard (A): This right ensures that consumers' interests receive due consideration at appropriate forums. They can express their grievances and opinions freely.
  • Right to choose (C): Consumers should have the freedom to choose from a variety of goods and services at competitive prices. This prevents monopolies and ensures market choice.
  • Right to seek redressal (D): This right empowers consumers to seek remedies or compensation for unfair trade practices, restrictive trade practices, or exploitation.
  • Right to reduce price (E): This right allows consumers to claim a reduction in the price of goods or services, or compensation, particularly when goods are found defective or services deficient, or in cases of unfair pricing.

Analysis of Options

Based on the rights promoted under the Consumer Protection Act:

  • Option A (Right to be heard) is included.
  • Option C (Right to choose) is included.
  • Option D (Right to seek redressal) is included.
  • Option E (Right to reduce price) is included as a form of consumer protection regarding pricing and product/service quality.

Option 4 combines these rights: A, C, D, and E.

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Important Questions from The Companies Act

  1. Which of the following is not true in the context of CSR?
  2. Which of the following provision of the Companies Act, 2013 identifies shares and debentures as a movable property?
  3. In which of the following case, the golden rule for framing prospectus was formulated by V.C. Kindersley?
    A. Methodist Church v/s Union of India
    B. R. v/s Registrar of Companies
    C. New Brunswick Canada Railway Co. v/s Muggeridge
    D. Jubilee Colton Mills Ltd. v/s Lewis
    Choose the correct answer from the options given below:
  4. Which of the following is not the meaning of the term "dominant position" under the Competition Act, 2002?
  5. Match the LIST-I with LIST-II
    LIST-I Position of DirectorsLIST-II Case laws
    A. Directors as 'Agents'I. Ferguson v/s Wilson
    B. Directors as 'Employees'II. R.R. Kothandraman v/s Commr. of Income Tax
    C. Directors as 'Trustees'III. Great Eastern Rly. Co. v/s Turner
    D. Directors in a 'Fiduciary relationship'IV. Forest of Dean Coal Mining Co. Re

    Choose the correct answer from the options given below:
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