n NISM Certifications
NSM General NISM
Medium

How is the term “consumer” defined under the Consumer Protection Act?

Practice question from IC 38 Mock Test 4 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Any person who buys goods or hires services for commercial purposes

  2. Any person who buys goods or hires services for personal use

    Correct answer

  3. C

    Any person who obtains goods for resale

  4. D

    Any person who avails of services for commercial purposes

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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