The machinery for settlement of Consumer disputes are -
(A) One-tier
(B) Three-tier
(C) Two-tier
(D) None of these
1 Answers
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The machinery of ₹ 35,500 is purchased on 1st July 2018 and on the same day ₹ 4,500 are spent on the installation of the Machinery.
Cost of Machinery = Purchase Price + Installation Charges = 35,500 + 4,500 = ₹ 40,000 Depreciation for 9 months = 40,000 × \(\frac{7}{100}\times\frac{9}{12}\) = ₹ 2,100
2 Answers 2 views
Price elasticity of demand of a good is (-) 1. At a given price the consumer buys 60 units of the good . How many units will the consumer buy if the p
`E_(P)=(% "change in " Q_(d))/(% " change in P")` `(-)1 =(% " change in " Q_(d))/(-10%)` `:.% "change in " Q_(d)=+10%`. Demand after price falls `=Q+10% " of " Q=60+...
2 Answers 1 views
When price of a good is Rs. 13 per units , the consumer buys 11 units of that good . When price rises to Rs. 15 per unit , the consumer continues to b
`E_(P)=(P)/(Q)xx(DeltaQ)/(DeltaP)=(13)/(11)xx(0)/(2)=0`
2 Answers 1 views
A consumer consumes only two goods X and Y whose prices are Rs. 4 and Rs. 5 per unit respectiveely. If the consumer chooses a combination of the two g
Given `P_(x)=4,P_(y)=5and MU_(x)=5,MU_(y)=4` , a consumer will be in equilibrium when : `(MU_(x))/(P_(x))=(MU_(y))/(P_(y))` Substituting values , we find that `(5)/(4)gt(4)/(5)" Or " (MU_(x))/(P_(x))gt(MU_(y))/(P_(y))` Since per rupess `MU_(x)` is higher than...
2 Answers 4 views
Consumer rights under Consumer Protection Act are - (A) 6 (B) 7 (C) 8 (D) 9
Correct option is: (A) 6
2 Answers 1 views
Consumer Court under Consumer Protection Act means - (A) District Court (B) State Commission
Correct option is: (D) All the above
2 Answers 1 views
The disputes comes under Consumer Protection act are - (A) Dispute in relation to shares of a company
Correct option is: (C) Dispute in realtion to sale of defective goods by the seller
2 Answers 1 views
Which of the following is not a part of the three-tier grievance redressal machinery ?
Correct option is: (B) National Commission
2 Answers 1 views
Welprint Ltd has given the following information : `{:(,,"₹"),(,"Machinery as on 1st April, 2018", "50,000"),(,"Machinery as on 31st March, 2019","60,
Correct Answer - Cash Used in Investing Activities = ₹ 22,000
2 Answers 1 views
The course of Tungabhadra river is in disputes as it extends in three states. To solve this problem
B) All the three states should make agreements and follow it on the basis of water availability
2 Answers 1 views