Assertion: Professional Associations is an important tool for protecting the interest of consumers.
Reasoning: There are 6 rights available to a consumer under Consumer protection Act 1986.
Reasoning: There are 6 rights available to a consumer under Consumer protection Act 1986.
Answer & explanation
Correct answer: option 4
Business associations and not the Professional Associations is an important tool for protecting the interest of consumers.
Ways and Means of Consumer Protection: There are various ways in which the objective of consumer protection can be achieved. These Include (i) Self regulation by business, (ii) Business associations, (iii) Consumer awareness, (iv) Consumer organisations, (v) Government.
Ways and Means of Consumer Protection: There are various ways in which the objective of consumer protection can be achieved. These Include (i) Self regulation by business, (ii) Business associations, (iii) Consumer awareness, (iv) Consumer organisations, (v) Government.