Consider the following statements about the meaning of ‘product’ under the Consumer Protection Act, 2019:
(A) A product may be in gaseous, liquid or solid state.
(B) A product is one that possesses intrinsic value.
(C) A product is one that is produced or manufactured for personal use.
(D) A product may be delivered either as assembled or as a component.
Which of the statements given above are correct?
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → (A), (B) and (D) only
(A) A product may be in gaseous, liquid or solid state. — Correct. The meaning covers goods in any of the three states. So gas in a cylinder or juice in a bottle can be a product.
(B) A product is one that possesses intrinsic value. — Correct. Intrinsic value means value of its own. A product is an article, goods or substance that has such value.
(C) A product is one that is produced or manufactured for personal use. — Incorrect. A product is produced or manufactured to trade, that is, to be sold in the market. Personal use is the purpose of the consumer who later buys it.
(D) A product may be delivered either as assembled or as a component. — Correct. A product may reach the buyer as a complete unit or as a part of something bigger.
NCERT (2026-27 Edition): “Terms & Definitions … 9. Product: Any article or goods or substance or raw material or any extended cycle of such product either in gaseous , liquid or solid state possessing intrinsic value capable of delivery either as assembled or a component produced or manufactured to trade. It does not include human tissues, blood, blood products and organs.” |