All India Bar Examination (AIBE) 4-IV Previous Year Question Papers with Answers

The correct option is B: UNCTAD.

The Consumer Protection Act, 1986 is predominantly based on the United Nations Guidelines for Consumer Protection, which were first adopted by the General Assembly in resolution 39/248 of 16 April 1985. The guidelines provide a framework for governments, especially those of developing countries, to use in formulating and strengthening consumer protection policies and legislation. The guidelines were later expanded by the Economic and Social Council (ECOSOC) in resolution 1999/7 of 26 July 1999 and revised and adopted by the General Assembly in resolution 70/186 of 22 December 2015. The United Nations Conference on Trade and Development (UNCTAD) promotes the guidelines and encourages interested member States to create awareness of the many ways in which member States, businesses and civil society can promote consumer protection in the provision of public and private goods and services. UNCTAD also hosts the Intergovernmental Group of Experts on Consumer Protection Law and Policy, which monitors the implementation of the guidelines, provides a forum for consultations, produces research and studies, provides technical assistance, undertakes voluntary peer reviews, and periodically updates the guidelines. Therefore, UNCTAD is the most relevant body among the given options that is involved in the development and promotion of the guidelines that form the basis of the Consumer Protection Act, 1986.