Target Exam

CUET

Subject

Business Studies

Chapter

Consumer Protection

Question:

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.

Options:

Both Assertion (A) and reasoning (R) are correct and R is the correct explanation of A.

Both Assertion (A) and reasoning (R) are correct and but R is not the correct explanation of A.

Assertion (A) is true but Reasoning (R) is not correct.

Assertion (A) is not true but Reasoning (R) is correct.

Correct Answer:

Assertion (A) is not true but Reasoning (R) is correct.

Explanation:

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.