Q. Given below are two statements, one is labelled as Assertion (A) and the other as Reason (R).
Assertion (A): Consumers can bargain below Maximum Retail Price (MRP).
Reason (R): MRP is a price a seller must charge from the buyer.
Select the correct answer from the code given below :
a) Both (A) and (R) are true, but (R) is not the correct explanation of (A)
b) (A) is false, but (R) is true
c) (A) is true, but (R) is false.
d) Both (A) and (R) are true and (R) is the correct explanation of (A)
Correct Answer: c) (A) is true, but (R) is false.
Question from UPPSC Prelims 2025
Explanation:
Assertion (A) is true: Under the Legal Metrology (Packaged Commodities) Rules, 2011, MRP is the ceiling—retailers cannot charge above it, but they are free to sell at any price below it. Hence consumers can bargain or avail discounts below MRP.
Reason (R) is false: MRP is not a price that must be charged; it is the maximum permissible price inclusive of all taxes. Sellers may charge less.
