Read the following statements and answer the question.
Assertion: Consumer Protection is important only from the point of view of consumers.
Reasoning: From the point of consumers, consumer protection is important because consumers are ignorant, unorganized and exploited by sellers.
Answer & explanation
Correct answer: option 4
The correct answer is option 4- Assertion (A) is not true but Reasoning (R) is correct.
Assertion: Consumer Protection is important only from the point of view of consumers. THIS IS INCORRECT as Consumer Protection is important not only from the point of view of consumers but also from the view point of business as well.
Reasoning: From the point of consumers, consumer protection is important because consumers are ignorant, unorganized and exploited by sellers. THIS IS CORRECT.
Thus, correct answer is option 3 i.e. assertion is not true but reason is true.