Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Consumer Protection

Question:

Match List – I with List – II.

LIST – I

LIST – II

 A. Consumer Protection Act 

 I. Claim exceeds 10 crore

 B. District Forum

 II. Settlement of claim exceeds 1 crore but does not exceed 10 crore 

 C. State Commission

 III. Established in 1986

 D. National Commission 

 IV. Settlement of claim up to 1 crore

Choose the correct answer from the options given below :

Options:

A-III, B-I, C-II, D-IV

A-III, B-IV, C-II, D-I

A-III, B-II, C-I, D-IV

A-III, B-IV, C-I, D-II

Correct Answer:

A-III, B-IV, C-II, D-I

Explanation:

The correct answer is Option (2) - A-III, B-IV, C-II, D-I.

* Consumer Protection Act- Established in 1986. The Consumer Protection Act was enacted in year 1986 which is amended in 2019. The Consumer protection Act 2019 seeks to protect and promote the consumers’ interest through speedy and inexpensive redressal of their grievances. It extends to the whole of India. It is applicable to all types of businesses whether a manufacturer or a trader and whether supplying goods or providing services including e-commerce firms. The Act confers certain rights to consumers with a view to empowering them and to protect their interests

* District Forum- Settlement of claim up to 1 crore. District commission has a jurisdiction to entertain complaints where value of goods or services paid as consideration does not exceed one crore rupees. Either on the first hearing or at any later stage, it appears to district commission that there exists elements of settlement which may be acceptable to the parties, it may direct them to give their consent for settlement of dispute through mediation within five days. In case the parties agree for settlement by mediation and give written consent, the district commission refers the matter for mediation and the provisions relating to mediation shall apply

* State Commission- Settlement of claim exceeds 1 crore but does not exceed 10 crore. State Commission is established by the respective state government and ordinarily function at the state capital. State Commission has a jurisdiction to entertain complaints where value of goods and services paid as consideration exceeds one crore but does not exceed ten crore rupees. If any of the parties are not satisfied by the order of State Commission can appeal against such order to the National Commission within a period of thirty days of such order.

* National Commission- Claim exceeds 10 crore. The National Commission has territorial jurisdiction over the whole country. National Commission has a jurisdiction to entertain complaints where value of goods or services paid as consideration exceeds ten crores of rupees. If any of the parties are not satisfied by the order of National Commission can appeal against such order to the Supreme Court of India within a period of thirty days of such order.