Name: Waterways and Airways
Uploaded: 2019-07-19
Duration: 7 min 27 s
Description: Cars, trains, buses and boats are all common ways to travel. But, how are bulky goods transported across the oceans? Watch this video to learn!

Question

What do you mean by consumer exploitation? What are the main methods of consumer protection?

Accepted Answer

Consumer exploitation is described as a scenario when the consumers are cheated by the sellers due to the following reasons:

No supply of products even after paying in advance

Non-fulfillment of the guarantee that was done at the time of purchasing

Usage of non-standard weighing scales

Adulteration

By providing misinformation regarding product's quality and features

There are the following methods of consumer protection by which the consumers can get protected from their exploitation.

Initially, the MRTP act came into existence $1969$ . The MRTP act is synonymously called the Monopoly and Restrictive Trade Practices Act. This act was launched in the year when the producer's flexibility in setting desirable prices was capped.

Later on, the Consumer Protection Act arrived in the $1986$ year where the fundamental rights of consumers were outlined. Besides that, the redressal courts were also established that generally solve the consumer-related cases.

What do you mean by consumer exploitation? What are the main methods of consumer protection?

Important Questions on Infrastructure of the Indian Economy

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