Target Exam

CUET

Subject

Business Studies

Chapter

Marketing

Question:

As per Consumer Protection Act, 2019. What is the minimum amount of value of goods or services paid as considering for referring the dispute to National Commission?

Options:

Exceeding ₹50 Lakhs

Exceeding ₹1 Crores

Exceeding ₹5 Crores

Exceeding ₹10 Crores

Correct Answer:

Exceeding ₹10 Crores

Explanation:

The correct answer is option (4)- Exceeding ₹10 Crores.

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.