JAIIB · PPB

The consumer protection act 2019

Chapter notes, video classes, MCQ practice tests and quick-revision one-liners for Principles and Practices of Banking — JAIIB.

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Q

What is the full name of the law that replaced the Consumer Protection Act 1986 in India?

A

The Consumer Protection Act 2019 replaced the Consumer Protection Act 1986, introducing stronger provisions for consumer rights and dispute redressal.

Q

What is the maximum imprisonment for a manufacturer found guilty of product liability under the Consumer Protection Act 2019?

A

Imprisonment up to seven years and fine.

Q

When did the Consumer Protection Act 2019 come into force?

A

The Consumer Protection Act 2019 came into force on 20th July 2020, replacing the earlier 1986 Act.

Q

What is an 'unfair contract' under the Consumer Protection Act 2019?

A

A contract that significantly disadvantages the consumer in an unreasonable manner.

Q

What is the pecuniary jurisdiction of the District Consumer Disputes Redressal Commission under the 2019 Act?

A

The District Commission handles complaints where the value of goods or services does not exceed Rs. 1 crore.

Q

Under the Consumer Protection Act 2019, who appoints the President of the District Consumer Disputes Redressal Commission?

A

The State Government appoints the President of the District Commission.

Q

What is the pecuniary jurisdiction of the State Consumer Disputes Redressal Commission under the 2019 Act?

A

The State Commission handles complaints where the value of goods or services exceeds Rs. 1 crore but does not exceed Rs. 10 crore.

Q

What is the minimum number of members in the National Consumer Disputes Redressal Commission?

A

At least four members plus the President.

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