New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    What does the term "product" include according to the

    definition provided "under the Consumer Protection Act" ?
    A Only fully assembled goods ready for sale in trade or commerce Correct Answer Incorrect Answer
    B Any article, goods, substance, raw material, or their extended cycles in gaseous, liquid, or solid state with intrinsic value, capable of delivery as a whole or in parts, excluding human tissues, blood, blood products, and organs Correct Answer Incorrect Answer
    C Only raw materials used in the production process, but not finished goods Correct Answer Incorrect Answer
    D Human tissues, blood, and organs used for medical purposes Correct Answer Incorrect Answer
    E Services and intangible assets related to trade or commerce Correct Answer Incorrect Answer

    Solution

    Section 2 Definitions: (33) "product" means any article or goods or substance or raw material or any extended cycle of such product, which may be in gaseous, liquid, or solid state possessing intrinsic value which is capable of delivery either as wholly assembled or as a component part and is produced for introduction to trade or commerce, but does not include human tissues, blood, blood products and organs.

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