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Consumer Protection Laws

Test your knowledge on Consumer Protection Laws.

15 Questions Published
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Questions

Question 1 Multiple Choice (Single Answer)

Which law was enacted to protect consumers from unfair or deceptive practices in the marketplace?

  1. The Consumer Protection Act
  2. The Fair Trade Commission Act
  3. The Sherman Antitrust Act
  4. The Clayton Act
Question 2 Multiple Choice (Single Answer)

What is the purpose of the Truth-in-Lending Act?

  1. To require lenders to disclose the terms of credit to consumers in a clear and concise manner
  2. To prohibit lenders from charging excessive interest rates
  3. To regulate the advertising of credit products
  4. To establish a system for resolving disputes between consumers and lenders
Question 3 Multiple Choice (Single Answer)

Which law prohibits unfair or deceptive acts or practices in commerce?

  1. The Federal Trade Commission Act
  2. The Consumer Protection Act
  3. The Truth-in-Lending Act
  4. The Sherman Antitrust Act
Question 4 Multiple Choice (Single Answer)

What is the purpose of the Magnuson-Moss Warranty Act?

  1. To establish minimum standards for written warranties
  2. To require manufacturers to provide consumers with a warranty for their products
  3. To prohibit manufacturers from making false or misleading claims about their products
  4. To create a system for resolving disputes between consumers and manufacturers
Question 5 Multiple Choice (Single Answer)

Which law regulates the advertising of food and drugs?

  1. The Food and Drug Administration Act
  2. The Federal Trade Commission Act
  3. The Consumer Protection Act
  4. The Truth-in-Lending Act
Question 6 Multiple Choice (Single Answer)

What is the purpose of the Fair Credit Reporting Act?

  1. To regulate the collection and dissemination of consumer credit information
  2. To prohibit creditors from discriminating against consumers based on their credit history
  3. To establish a system for resolving disputes between consumers and credit reporting agencies
  4. To require credit reporting agencies to provide consumers with a free copy of their credit report
Question 7 Multiple Choice (Single Answer)

Which law prohibits manufacturers from making false or misleading claims about their products?

  1. The Federal Trade Commission Act
  2. The Consumer Protection Act
  3. The Magnuson-Moss Warranty Act
  4. The Food and Drug Administration Act
Question 8 Multiple Choice (Single Answer)

What is the purpose of the Electronic Fund Transfer Act?

  1. To regulate the use of electronic fund transfers
  2. To protect consumers from unauthorized electronic fund transfers
  3. To establish a system for resolving disputes between consumers and financial institutions
  4. To require financial institutions to provide consumers with a free copy of their electronic fund transfer statement
Question 9 Multiple Choice (Single Answer)

Which law regulates the advertising of tobacco products?

  1. The Federal Trade Commission Act
  2. The Consumer Protection Act
  3. The Magnuson-Moss Warranty Act
  4. The Food and Drug Administration Act
Question 10 Multiple Choice (Single Answer)

What is the purpose of the Telephone Consumer Protection Act?

  1. To prohibit unsolicited telemarketing calls
  2. To require telemarketers to identify themselves and their purpose
  3. To establish a system for resolving disputes between consumers and telemarketers
  4. To require telemarketers to provide consumers with a free copy of their telemarketing script
Question 11 Multiple Choice (Single Answer)

Which law regulates the advertising of alcoholic beverages?

  1. The Federal Trade Commission Act
  2. The Consumer Protection Act
  3. The Magnuson-Moss Warranty Act
  4. The Food and Drug Administration Act
Question 12 Multiple Choice (Single Answer)

What is the purpose of the Consumer Leasing Act?

  1. To regulate the leasing of personal property to consumers
  2. To protect consumers from unfair or deceptive leasing practices
  3. To establish a system for resolving disputes between consumers and lessors
  4. To require lessors to provide consumers with a free copy of their lease agreement
Question 13 Multiple Choice (Single Answer)

Which law regulates the advertising of cosmetics?

  1. The Federal Trade Commission Act
  2. The Consumer Protection Act
  3. The Magnuson-Moss Warranty Act
  4. The Food and Drug Administration Act
Question 14 Multiple Choice (Single Answer)

What is the purpose of the Fair Debt Collection Practices Act?

  1. To regulate the collection of debts
  2. To protect consumers from unfair or deceptive debt collection practices
  3. To establish a system for resolving disputes between consumers and debt collectors
  4. To require debt collectors to provide consumers with a free copy of their debt collection agreement
Question 15 Multiple Choice (Single Answer)

Which law regulates the advertising of medical devices?

  1. The Federal Trade Commission Act
  2. The Consumer Protection Act
  3. The Magnuson-Moss Warranty Act
  4. The Food and Drug Administration Act
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