Economics · Consumer Protection Act
Which of the following statements regarding the evolution of the Consumer Protection Act is correct? 1. The Consumer Protection Act, 1986 was initially designed to address the challenges of a pre-globalization economy but became insufficient due to rapid changes in commerce. 2. The revised Consumer Protection Act, 2019 provides a framework specifically to regulate global supply chains and e-commerce practices in India. 3. The Consumer Protection Act, 1986 has never been amended and remains valid to this day, despite significant changes in the global economy.
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