Default Title

Question (1)

QN0038221

Why are rules and regulations needed in markets?

(A) To increase the number of producers
(B) To protect consumers from exploitation
(C) To reduce the variety of goods
(D) To stop all market transactions

Correct Answer: B

Explanation:

Rules and regulations are needed to protect consumers from unfair practices and exploitation.

Link:

Report Error

Question (2)

QN0038222

Which of the following is an example of consumer exploitation?

(A) Selling a product at a discount
(B) Providing a proper bill
(C) Giving less quantity than promised
(D) Providing complete product information

Correct Answer: C

Explanation:

Giving less quantity than promised is an unfair practice that exploits consumers.

Link:

Report Error

Question (3)

QN0038223

The organised consumer movement in India began in an organised form during the:

(A) 1940s
(B) 1950s
(C) 1960s
(D) 1990s

Correct Answer: C

Explanation:

The consumer movement in India began in an organised form in the 1960s.

Link:

Report Error

Question (4)

QN0038224

Which international organisation adopted the Guidelines for Consumer Protection in 1985?

(A) World Bank
(B) United Nations
(C) International Monetary Fund
(D) World Trade Organisation

Correct Answer: B

Explanation:

The United Nations adopted the Guidelines for Consumer Protection in 1985.

Link:

Report Error

Question (5)

QN0038225

In which year was COPRA enacted in India?

(A) 1975
(B) 1980
(C) 1986
(D) 1991

Correct Answer: C

Explanation:

The Consumer Protection Act, popularly known as COPRA, was enacted in 1986.

Link:

Report Error

Question (6)

QN0038226

Which right enables consumers to be protected against goods and services hazardous to life and property?

(A) Right to choose
(B) Right to safety
(C) Right to information
(D) Right to redressal

Correct Answer: B

Explanation:

The right to safety protects consumers against hazardous goods and services.

Link:

Report Error

Question (7)

QN0038227

A medicine packet contains its ingredients, expiry date, price and manufacturer's address. Which consumer right is mainly supported by this information?

(A) Right to safety
(B) Right to choose
(C) Right to information
(D) Right to redressal

Correct Answer: C

Explanation:

Product information enables consumers to make informed choices and is part of the right to information.

Link:

Report Error

Question (8)

QN0038228

The maximum retail price printed on a product is commonly known as:

(A) MRP
(B) COPRA
(C) BIS
(D) RTI

Correct Answer: A

Explanation:

MRP stands for Maximum Retail Price.

Link:

Report Error

Question (9)

QN0038229

Which quality certification is associated with gold jewellery?

(A) Agmark
(B) Hallmark
(C) ISI
(D) BIS

Correct Answer: B

Explanation:

Hallmark is associated with the quality certification of gold jewellery.

Link:

Report Error

Question (10)

QN0038230

National Consumers' Day in India is observed on:

(A) 15 August
(B) 2 October
(C) 24 December
(D) 26 January

Correct Answer: C

Explanation:

National Consumers' Day is observed on 24 December.

Link:

Report Error

Question (1)

Why are rules and regulations needed in markets?

Explanation:

Link:

Question (2)

Which of the following is an example of consumer exploitation?

Explanation:

Link:

Question (3)

The organised consumer movement in India began in an organised form during the:

Explanation:

Link:

Question (4)

Which international organisation adopted the Guidelines for Consumer Protection in 1985?

Explanation:

Link:

Question (5)

In which year was COPRA enacted in India?

Explanation:

Link:

Question (6)

Which right enables consumers to be protected against goods and services hazardous to life and property?

Explanation:

Link:

Question (7)

A medicine packet contains its ingredients, expiry date, price and manufacturer's address. Which consumer right is mainly supported by this information?

Explanation:

Link:

Question (8)

The maximum retail price printed on a product is commonly known as:

Explanation:

Link:

Question (9)

Which quality certification is associated with gold jewellery?

Explanation:

Link:

Question (10)

National Consumers' Day in India is observed on:

Explanation:

Link:

Excel With Tutors

ExcelWithTutors

For Student

For Tutors

Learn

OUR POLICY