Question

Statement (1): At market place, consumers are exploited both by producers as well as retailers.

Statement (2): Consumer Protection Act 2019 replaces the Consumer Protection Act 1986.

Options

• Both statements are true.

• Both statements are false.

• Statement 1 is true but Statement 2 is false.

• Statement 2 is true but Statement 1 is false.

Answer 1

Both statements are true.

Explanation:

• Statement (1): Consumers are frequently exploited through high prices, defective goods, or false ads by both manufacturers and shopkeepers.
• Statement (2): The Indian Government officially enacted the Consumer Protection Act 2019 to legally repeal and replace the outdated 1986 version.