(a) Right Discussed: Right to Consumer Education Explanation:
1. Key Aspects: - Raghav's awareness campaigns - NGO's educational initiatives - Information about legal remedies
2. Legal Basis: - Consumer Protection Act 2019, Section 2(9)(vi) - Government's Jago Grahak Jago program
(b) Right Violated: Right to Safety Explanation:
1. Violation Evidence: - Adulterated ingredients causing illness - Health hazards from substandard food
2. Legal Provisions: - Food Safety and Standards Act, 2006 - Punishment: Up to ₹10 lakh fine + imprisonment Other affected rights: - Right to be informed (no disclosure of adulteration) - Right to seek redressal (initially unavailable)
Rupal, Shanu and Trisha were partners in a firm sharing profits and losses in the ratio of 4:3:1. Their Balance Sheet as at 31st March, 2024 was as follows:
(i) Trisha's share of profit was entirely taken by Shanu.
(ii) Fixed assets were found to be undervalued by Rs 2,40,000.
(iii) Stock was revalued at Rs 2,00,000.
(iv) Goodwill of the firm was valued at Rs 8,00,000 on Trisha's retirement.
(v) The total capital of the new firm was fixed at Rs 16,00,000 which was adjusted according to the new profit sharing ratio of the partners. For this necessary cash was paid off or brought in by the partners as the case may be.
Prepare Revaluation Account and Partners' Capital Accounts.
On the basis of the following hypothetical data, calculate the percentage change in Real Gross Domestic Product (GDP) in the year 2022 – 23, using 2020 – 21 as the base year.
Year | Nominal GDP | Nominal GDP (Adjusted to Base Year Price) |
2020–21 | 3,000 | 5,000 |
2022–23 | 4,000 | 6,000 |