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The concept of ‘fall-back liability’ sometimes seen in news is related to 
  • a)
    Merger of Public Sector Banks 
  • b)
    Central Government grants to states 
  • c)
    E-commerce Rules 
  • d)
    Recapitalisation of Banks
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
The concept of ‘fall-back liability’ sometimes seen in new...
E-commerce Rules define fall-back liability as ‘the liability of the marketplace e-commerce entity where a seller registered with such entity fails to deliver the goods or services ordered by a consumer due to negligent conduct, omission or commission of any act by such seller in fulfilling the duties and liabilities in the manner as prescribed by the marketplace e-commerce entity which causes loss to the consumer.
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The concept of ‘fall-back liability’ sometimes seen in new...
"concept" refers to an abstract idea or general notion. It is a way of understanding or categorizing something based on its fundamental principles or characteristics. Concepts are often used in various disciplines, such as philosophy, science, mathematics, and art, to provide a framework for understanding complex phenomena or to explain theories and models. They can be simple or complex and can be applied to different contexts and situations. Concepts help us organize and make sense of the world around us and provide a basis for communication and knowledge sharing.
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The concept of ‘fall-back liability’ sometimes seen in news is related toa)Merger of Public Sector Banksb)Central Government grants to statesc)E-commerce Rulesd)Recapitalisation of BanksCorrect answer is option 'C'. Can you explain this answer?
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