Tag: need for consumer awareness

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Multiple choice civics consumers' awareness consumer protection act of 1986 need for consumer awareness consumer : satisfaction and protection

"Jago Grahak Jago" is an initiative towards _______________.

  1. rural development

  2. sustainable growth

  3. prevention of child abuse

  4. consumer education and awareness
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Jago Grahak Jago is a consumer awareness campaign launched by the Department of Consumer Affairs in India to educate consumers about their rights.

Multiple choice civics consumers' awareness consumer protection act of 1986 need for consumer awareness consumer : satisfaction and protection

Which of the following are the rights of consumer?

  1. Right to choose

  2. Right to be informed

  3. Right to be heard

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

Following are the rights of consumers :-
a) Right to choose.
b) Right to be heard.
c) Right to be informed.
d) Right to Safety.
e) Right to Seek Redressal.
f) Right to Consumer Education.

Multiple choice civics consumers' awareness consumer protection act of 1986 need for consumer awareness consumer : satisfaction and protection

In a Free Market Economy the allocation of resources is determined by.

  1. Votes taken by consumers

  2. A Central Planning Authority

  3. Consumer Preference

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

In a free market economy, the forces of supply and demand, driven by consumer preferences, determine the allocation of resources.

Multiple choice civics consumers' awareness consumer protection act of 1986 need for consumer awareness consumer : satisfaction and protection

In an economy, people have the freedom to buy or not to buy the goods offered in the market place, and this freedom to choose what they buy dictates what producers will ultimately produce. This condition is called.

  1. Economic Power of Choice

  2. Consumer Sovereignty

  3. Positive Economy

  4. Producer Sovereignty
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Consumer sovereignty is the economic theory that consumer preferences determine the production of goods and services in an economy.

Multiple choice civics consumers' awareness consumer protection act of 1986 need for consumer awareness consumer : satisfaction and protection

"Consumer Sovereignty" refers to.

  1. Consumer participation in Production

  2. Consumer is the Ruler of the State

  3. Producers produce any type of goods and dump them in the market

  4. Producers produce only those goods which Consumers prefer to buy
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Consumer sovereignty means that producers are guided by the choices and preferences of consumers, effectively making consumers the ones who dictate what is produced.

Multiple choice civics consumers' awareness consumer protection act of 1986 need for consumer awareness consumer : satisfaction and protection

Are ISI and Agmark equivalent.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

  • Ans: False 
    1:ISI     mark is a certification mark for industrial products in India 

    • 2: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, an agency of the Government of India.
    Hence both are different not equivalent 


Multiple choice civics consumers' awareness consumer protection act of 1986 need for consumer awareness consumer : satisfaction and protection

Which of the following statement is correct?

  1. When a consumer gets exploited, he must file a case in consumer court

  2. A consumer has no right to get compensation

  3. Hallmark certification maintained for standardization of food

  4. Agmark certification maintained for standardization of jewellery
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

A consumer has right to get compensation.
Agmark certification maintained for standardization of food.
Hallmark certification maintained for standardization of jewellery.
When a consumer gets exploited, he must file a case in consumer court.