State with reason, whether the following statement is True or False: Consumer Protection Act is not a blessing for the consumers.
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Solution
Consumer Protection Act, 1986. An Act to provide for better protection of the interests of consumers and for that purpose to make provision for the establishment of consumer councils and other authorities for the settlement of consumers' disputes and for matters connected there with Consumer Protection Act, 1986 is an Act of the Parliament of India enacted in 1986 to protect the interests of consumers in India.
Consumer Protection Act. The Consumer Protection Act 1987 is designed to protect consumers and give them rights when buying goods and services, eg manufacturers are legally obliged to put certain information on products, such as health and safety messages on cigarettes.