Question

Role of government in spreading Consumer awareness​

Answer 1

Explanation:

Several laws have been passed by the Indian government to protect consumers and uphold their rights—like the Prevention of Food Adulteration Act, 1954, The Essential Commodities Act, 1955, Bureau of Standards Act, 1986, among others. ... We will change it to consumer prosperity on the way ahead

Answer 2

Answer:

Lenders asked for collateral while lending money to the borrowers due to the following reasons:

1. The mass media plays an important role in consumer awareness regarding their rights.

2. Both print and electronic media highlights the issues of consumer exploitation and bring them in the notice of people and the government.

3. Media help the people to express their views.

4. Many consumer activities and organizations write articles in the print media and participate in the interview and debate in the electronic media and highlight the malpractices in the market