Consider the following statements 1. The consumer cooperative structure in India has three tiers. 2. 24 December is celebrated in India as the National Consumer day. Which of the statements given above is/ are correct ?

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Q: 88 (CDS-I/2007)
Consider the following statements
1. The consumer cooperative structure in India has three tiers.
2. 24 December is celebrated in India as the National Consumer day.
Which of the statements given above is/ are correct ?

question_subject: 

Economics

question_exam: 

CDS-I

stats: 

0,81,21,9,10,81,2

keywords: 

{'national consumer day': [0, 0, 1, 0], 'cooperative structure': [0, 0, 1, 0], 'consumer': [1, 2, 2, 5], 'tiers': [0, 0, 1, 1], 'india': [8, 1, 7, 13]}

The correct answer is option 3 - Both 1 and 2.

Explanation:

Statement 1 states that the consumer cooperative structure in India has three tiers. This is correct. The consumer cooperative structure in India consists of primary cooperatives at the first tier, district level federations at the second tier, and state-level federations at the third tier. These three tiers work together to promote the interests of consumers and ensure fair prices and quality products.

Statement 2 states that 24 December is celebrated in India as the National Consumer day. This is also correct. 24 December is indeed celebrated as National Consumer Day in India. This day is observed to promote the rights and awareness of consumers and to encourage a fair and competitive marketplace.

Therefore, both statements 1 and 2 are correct, making option 3 the correct answer.