Tag: consumer awareness, education and protection

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Questions Related to consumer awareness, education and protection

Multiple choice civics consumer in the market consumer awareness, education and protection consumers and their rights consumer : satisfaction and protection

By which of the following way a consumer gets exploited by the manufacturer?

  1. High Price

  2. Fake Goods

  3. Substandard Quality

  4. All of above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

By following way a consumer gets exploited by the manufacturer:-

  • High Price- Very often traders charge high prices from their consumers than the prescribed retail price.
  • Fake Goods- It may sometimes happen that traders sell fake or duplicate goods in the name of genuine goods.
  • Substandard Quality- The traders may cheat the consumers by degrading the quality of the product and selling those in the market like expired products, defective items.

Multiple choice civics consumer in the market consumer awareness, education and protection consumers and their rights consumer : satisfaction and protection

_______ is celebrated as consumer rights day all over the world.

  1. 6th January

  2. 15th March

  3. 6th June

  4. 10th December
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The consumer movement marks 15th March with World Consumer Rights Day every year, as a means of raising global awareness about consumer rights and needs. Celebrating the day is a chance to demand that the rights of all consumers are respected and protected, and to protest against market abuses and social injustices which undermine those rights.

Multiple choice civics consumer in the market consumer awareness, education and protection consumers and their rights consumer : satisfaction and protection

The concept that under a system of free enterprise, it is consumers who decide what goods and services shall be produced and in what quantities, is known as ________.

  1. consumer protection

  2. consumer's decision

  3. consumer preference

  4. consumer's sovereignty
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Consumer sovereignty is an economic theory stating that the consumer is the king in a free market, as their purchasing decisions determine what is produced and in what quantities.

Multiple choice civics consumer in the market consumer awareness, education and protection consumers and their rights consumer : satisfaction and protection

AGMARK is a __________.

  1. co-operative bank

  2. regulated agricultural market

  3. union for farmers

  4. quality guarantee stamp
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

AGMARK is a certification mark employed on agricultural products in India, assuring that they conform to a set of standards approved by the Directorate of Marketing and Inspection.