Mention if the given statement is true or false:

A Four-tier redressal agency has been set up for safeguarding consumer interest.

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True

False

answer is B.

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Detailed Solution

The given statement is false.
The three-tiered quasi-judicial system is set up for the redressal of consumer disputes. As the name suggests, the three-tier method comprises three redressal agencies. These agencies are the district forum, the state commission, and the national commission. As per the Consumer Protection Act 1986, 2019 amendment, if the consumer is not satisfied with the decision of the district forum, he can file the case with the state commission within 45 days of the judgement. In the same way, if the consumer is not satisfied with the state commission's decision, he can file a case with the national commission within 30 days of the judgement.
The corrected statement is, “A three-tier redressal agency has been set up for safeguarding consumer interest.”

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