A
A mandatory training program for tech industry executives
B
A lawsuit or regulatory intervention where one or several individuals represent a larger group of affected consumers
C
A classification of goods based on their manufacturing cost
D
An exclusive legal remedy available only to corporate manufacturers
Correct answer: (b) A lawsuit or regulatory intervention where one or several individuals represent a larger group of affected consumers
Explanation
Option B is correct because a class action involves one or more individuals representing a larger group of affected consumers before an authority or court. Options A, C, and D are factually incorrect definitions.
Same topic · past papers
UPSC has asked this before
These previous-year questions sit on the same topic. Open one to practise the earlier ask.
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2025 · Q10 · GS I · 10 marks
Do you think that globalization results in only an aggressive consumer culture? Justify your answer. -
2024 · Q17 · General Studies · 2 marks
With reference to perfluoroalkyl and polyfluoroalkyl substances (PFAS) that are used in making many consumer product, consider the following statements : 1. PFAS are found to be widespread in drinking water, food and food packaging material. 2. PFAS are not easily degraded in the environment. 3. Persistent exposure to PFAS can lead to bioaccumulation in animal bodies. Which of the statements given above are correct? -
2023 · Q22 · General Studies · 2 marks
Correct the following statements: Statement-I: In the post-pandemic recent past, many Central Banks worldwide had carried out interest rate hikes. Statement-II: Central Banks generally assume that they have the ability to counteract the rising consumer prices via monetary policy means. Which one of the following is correct in respect of the above statements? -
2023 · Q35 · General Studies · 2 marks
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2022 · Q65 · General Studies · 2 marks
With reference to Convertible Bonds, consider the following statements: 1. As there is an option to exchange the bond for equity, Convertible Bonds pay a lower rate of interest. 2. The option to convert to equity affords the bondholder a degree of indexation to rising consumer prices. Which of the statements given above is/are correct?