Question

What is Consumer Protection Act?

Hint:

The Consumer Protection Act ensures that consumers have a legal framework to seek justice and compensation.

Answer 1

Step 1: Definition of Consumer Protection Act
The Consumer Protection Act is a law designed to safeguard the rights of consumers and protect them from unfair trade practices, defective goods, and deficient services.
Step 2: Objectives of the Consumer Protection Act
- Protection Against Fraudulent Practices: Ensures that consumers are not misled by false advertisements or deceptive practices. - Right to Information: Guarantees consumers access to accurate information about products and services. - Redressal Mechanism: Provides consumers with a platform to seek compensation for defective products or services.
Step 3: Key Provisions
- Consumer Forums: The Act establishes consumer forums for resolving disputes and providing relief. - Consumer Rights: It includes the right to be informed, the right to choose, the right to be heard, and the right to seek redressal. - Penalties for Violations: The Act imposes penalties on businesses engaging in unfair trade practices.
Step 4: Conclusion
The Consumer Protection Act is crucial for ensuring that consumers are treated fairly and that their rights are protected against exploitation.
Final Answer: \[ \boxed{\text{The Consumer Protection Act safeguards consumer rights and protects against unfair trade practices.}} \]