State with reasons whether the following statements are True or False.
The Consumer Protection Act is a blessing for consumers.
ANSWER:
Consumer protection act is blessing for the consumers - True
Explanation:
The Consumer Protection Act is a blessing for consumers because the Act aims at ensuring the protection of consumers’ interests against various forms of exploitation. Under the Act, a three-tier machinery comprising District Forums, State Commissions and the National Commission has been set up for the speedy redressal of consumer grievances.