[Solved] Who among the Following, is Not included in the Definition of 'Consumer', as per Consumer Protection (Amendment) Act, 2002?

Q.	Who among the Following, is Not included in the Definition of 'Consumer', as per Consumer Protection (Amendment) Act, 2002?
A.	Any Person, who buys Any Goods, for a consideration; and includes Any User of such Goods.
B.	Any Person, who hires or avails of Any Services, for a Consideration.
C.	Any Person, who avails Any Service; and is also the Beneficiary of that Service.
D.	A Person, who obtains the Goods, for Re-Sale or for Any Commercial Purpose.
Answer» D. A Person, who obtains the Goods, for Re-Sale or for Any Commercial Purpose.

3.7k

Do you find this helpful?

View all MCQs in

Insurance Exam (LIFE)

Discussion

No comments yet

Related MCQs

Which of the Following, is the Main Objective of Consumer Protection Act? (i) To Protect the Interests of the Policy-Holders. (ii) To Protect the Interests of the Investors. (iii) To Provide a Simple, Speedy, and In-Expensive Redressal to the Consumer-Grievances.
Which of the Following, is, a Function of Ombudsman? (i) Redressal of Grievances to Consumer. (ii) Protection of Consumer's Interests. (iii) Redressal of Grievances from the Policy-Holders.
On Which Date, was, Consumer Protection Act, formed?
As per Insurance Regulatory and Development Authority of India (I.R.D.A.I.) (Protection of Policy- Holders' Interests) Regulations, 2017, What is the Stipulated Period, within which, Claim under a Life Assurance Policy, shall be paid or shall be disputed, provided that, the Company has received All Relevant Papers?
Which One of the Following Acts, makes the Provision for the Establishment of Consumer-Councils and Other Authorities for the Settlement of Consumer’s Disputes, in India?
Ms. Prajakta earns Rupees 2,40,000/-, Per Annum. She spends Rupees 1 Lakh, Per Annum, on Her-Self. The Market Rate-of-Interest is 7%. Calculate Ms. Prajakta's Life Assurance Amount, through the Human Life Value (H.L.V.) Method.
Which of the Following, is an Objective of Redressal of Public Grievances Rules? (i) Aim at Resolving the Complaints, Relating to the Settlement of Disputes. (ii) Protection of Consumers' Interests. (iii) Providing the Grievances to Consumers.
Suggest a Class of Insurance, that will provide the Protection against Loss of Goodwill.
Mortgage-Redemption-Insurance (M.R.I.) provides --- Protection, for Home-Loan Borrowers.
Which One of the Following, can form the Basis for a Valid Consumer-Complaint?