Question

A consumer dispute redressal agency that handles the claims above ₹20 lakhs up to rupees one crore. Answer in a word / phrase / term.

Answer 1

their retirement years, half of all working men in the United States probably have a period of self-employment of one or more years; one in four may have engaged in self-employment for six or more years. Participating in a new business creation is a common activity among U.S. workers over the course of their careers". In recent years, entrepreneurship has been claimed as a major driver of economic growth in both the United States and Western Europe.

Answer 2

A consumer dispute redressal agency that handles the claims above rupees 20 lakhs up to rupees one crore is State Consumer Dispute Redressal Forum. This can be explained as follows:

Explanation: The Indian Parliament has formulated The Consumer Protection Act, 1986 in order to protect the consumers from the unfair trade practices. In order to deal with the consumers grievances, different consumer courts have been formulated according to the pecuniary jurisdiction which can be explained as follows:

1. District Courts: The pecuniary jurisdiction of the District Consumer Dispute Redressal Forum is up to the amount which doesn't exceed 20 lakhs rupees.

2. State Commission: The pecuniary jurisdiction of the State Consumer Dispute Redressal Forum is up to the amount which exceeds 20 lakhs rupees but doesn't exceed 1 crore rupees.

3. National Commission: The pecuniary jurisdiction of the National Consumer Dispute Redressal Forum is up to the amount which exceeds 1 crore rupees.

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