Question
Under the Consumer Protection Act, 2019, who among the
following is not a consumer?Solution
As per Section 2(7) of the Consumer Protection Act, 2019, a consumer is a person who buys goods or hires/avails services for consideration and for personal use, not for resale or commercial purpose. So, commercial buyers are excluded from the definition of "consumer", except for self-employed individuals using goods for livelihood, which is a special exception.
Law of diminishing returns only applies to cases where
As per the Economic survey 2023-24, what has been identified as a major challenge for India's business services sector in the future?
Longevity is proxy for ---- in the Human Development Index?
Within a country, the domestic price of a product will equal the world price if
 If r xy = 0, then:
Refer to the below table
What is the tota...
Under nominal wage rigidity, the short run aggregate supply schedule will beÂ
According to the Romer model, if the stock of ideas increases by 15 %, how much will output per worker increase when all else is equal?
...The process of converting securities (like shares) from physical form to electronic form is managed by a:
What is the primary theme of India’s Union Budget 2024-25?"
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