Which of the following statements properly defines the objectives narrated in the Preamble of the Consumer Protection Act, 1986 ?
1
An Act to provide the protective mechanism of consumer redressal system and further to promote consumer movements
2
An Act to provide better protection of the interests of the consumers and for that purpose to make provision for the establishment of consumer councils and other authorities for the settlement of consumer disputes.
3
An Act to set up a mechanism for consumer protection to promote the constitutional objectives and establish the forum of consumer, seller and promote consumer awareness.
4
An Act to promote consumerism regule unfair trade practices, safeguard from unfair competition.