Target Exam

CUET

Subject

Business Studies

Chapter

Consumer Protection

Question:

Which of the following statement is/are correct in respect of the Commissions established under Consumer Protection Act?

Options:

National Commission has a jurisdiction to entertain complaints where value of goods or services paid as consideration is ten crores of rupees or more.

State Commission has a jurisdiction to entertain complaints where value of goods and services paid as consideration exceeds rupees one crore but is less than ten crore rupees.

District commission has a jurisdiction to entertain complaints where value of goods or services paid as consideration does not exceed one crore rupees.

None of the above

Correct Answer:

None of the above

Explanation:

The correct answer is Option 4: None of the above

Option 1: National Commission has a jurisdiction to entertain complaints where value of goods or services paid as consideration is ten crores of rupees or more. This is incorrect. National Commission has a jurisdiction to entertain complaints where value of goods or services paid as consideration exceeds two crores of rupees (NOT RS 10 crores or More).

Option 2: State Commission has a jurisdiction to entertain complaints where value of goods and services paid as consideration exceeds rupees one crore but is less than ten crore rupees. This is incorrect. State Commission has a jurisdiction to entertain complaints where value of goods and services paid as consideration that exceeds rupees fifty lakh but does not exceed two crore.

Option 3: District commission has a jurisdiction to entertain complaints where value of goods or services paid as consideration does not exceed one crore rupees. This is incorrect. District commission has a jurisdiction to entertain complaints where value of goods or services paid as consideration does not exceed fifty lakh rupees.