Question

Match List I with List II

LIST I	LIST II
A. Consumer Protection Act	III. Established in 1986
B. District Forum	IV. Settlement of claim up to 1 crore
C. State Commission	II. Settlement of claim exceeds 1 crore but does not exceed 10 crore
D. National Commission	I. Claim exceeds 10 crore

• A. A-I, B-II, C-III, D-IV
• B. A-II, B-IV, C-II, D-I
• C. A-III, B-II, C-I, D-IV
• D. A-III, B-IV, C-I, D-II

Hint:

In legal and financial contexts, understanding the structure of regulatory bodies and their responsibilities helps in identifying their role in resolving claims.

Answer 1

The Correct Option is A

- Consumer Protection Act (A) is related to Claim exceeds 10 crore (I), as it deals with large claims.
- District Forum (B) is connected with the settlement of claims exceeding 1 crore but not exceeding 10 crore (II), typically handling medium-sized claims.
- State Commission (C) is linked with being established in 1986 (III), which is when it came into effect.
- National Commission (D) deals with the settlement of claims up to 1 crore (IV), handling smaller claims.