Step 1: Understand the purpose of the Consumer Protection Act, 2019
The Consumer Protection Act, 2019, was enacted to safeguard consumer rights in India by addressing grievances and ensuring fair trade practices.
Step 2: Analyze each option
- Option (1): The main objective of the Act is to protect consumers from unfair trade practices, such as misleading advertisements or defective goods, and provide redressal mechanisms.
- Option (2): The Act does not focus on providing financial assistance but on consumer rights protection.
- Option (3): While the Act addresses misleading advertisements, regulating advertising is not its main objective.
- Option (4): The Act aims to protect consumers, not producers.
Step 3: Conclusion
The primary objective of the Consumer Protection Act, 2019, is to protect consumers from unfair trade practices.