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Statement (1): The definition of consumer has been widened in 2019 Amendment Act. Statement (2): The concept of product liability is introduced in 2019 amendment.

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Question

Statement (1): The definition of consumer has been widened in 2019 Amendment Act.

Statement (2): The concept of product liability is introduced in 2019 amendment.

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.

MCQ
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Solution

Both statements are true.

Explanation:

The Consumer Protection Act of 2019 expanded the definition of a consumer to include online and electronic transactions. It also created the concept of product liability, which holds manufacturers, sellers, and service providers accountable for damages caused by defective products.

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Chapter 14: Consumer Awareness - Exercise [Page 260]

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Goyal Brothers Prakashan Economics [English] Class 10 ICSE
Chapter 14 Consumer Awareness
Exercise | Q 3. | Page 260
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