Consider the following statements about the meaning of ‘product’ under the Consumer Protection Act, 2019:
(A) A raw material can also be a product.
(B) A product is any article or goods possessing market value.
(C) Any extended cycle of a product is also a product.
(D) A product is one produced or manufactured to trade.
(E) The meaning of product also includes a service provided to a consumer.
Which of the statements given above are correct?
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) → (A), (C) and (D) only
(A) A raw material can also be a product. — Correct. Raw material is named in the meaning of product, along with articles, goods and substances.
(B) A product is any article or goods possessing market value. — Incorrect. The meaning says a product possesses intrinsic value, that is, value of its own. It does not speak of market value.
(C) Any extended cycle of a product is also a product. — Correct. The meaning includes “any extended cycle of such product”, along with the article, goods, substance or raw material itself.
(D) A product is one produced or manufactured to trade. — Correct. A product is produced or manufactured to trade, that is, to be sold.
(E) The meaning of product also includes a service provided to a consumer. — Incorrect. A product is an article, goods, substance or raw material. Services are not part of this meaning. A service provider comes under another term, product seller.
NCERT (2026-27 Edition): “Terms & Definitions … 9. Product: Any article or goods or substance or raw material or any extended cycle of such product either in gaseous , liquid or solid state possessing intrinsic value capable of delivery either as assembled or a component produced or manufactured to trade. It does not include human tissues, blood, blood products and organs. |