Money and Credit

The consumer movement in India mainly developed because of:

1. Increasing consumer exploitation
2. Decreasing markets
3. Lack of producers
4. Reduction in advertisements

Why is a cash memo important for consumers?

1. It increases product quality
2. It works as proof of purchase
3. It reduces product price
4. It replaces advertisements

Which right protects consumers from dangerous products?

1. Right to Safety
2. Right to Choose
3. Right to Education
4. Right to Information

What is the main purpose of consumer awareness programmes?

1. To increase prices
2. To educate consumers about their rights
3. To reduce competition
4. To support only sellers

Which of these is a quality certification mark for agricultural products?

1. ISI
2. Agmark
3. Hallmark
4. ISO

Consumer courts are also known as:

1. Civil courts
2. Consumer dispute redressal commissions
3. Criminal courts
4. Tax courts

Which organisation sets standards for products in India?

1. Bureau of Indian Standards
2. Railway Board
3. Election Commission
4. Planning Commission

Which consumer right allows consumers to seek compensation for damage?

1. Right to Safety
2. Right to Choose
3. Right to Seek Redressal
4. Right to Information

Which of the following is an example of an unfair trade practice?

1. Providing correct information on labels
2. Selling goods at a reasonable price
3. Making false claims in advertisements
4. Giving a proper bill

Which law was introduced in India to protect consumer interests?

1. Consumer Protection Act
2. Education Act
3. Environmental Act
4. Banking Act

Which of the following is a consumer responsibility?

1. Buying goods without checking details
2. Ignoring bills and receipts
3. Being aware of product information
4. Encouraging unfair trade practices

The right to be informed means that consumers have the right to know:

1. Only the colour of a product
2. Quality, price, ingredients, and risks of products
3. The personal details of sellers
4. The advertisements made by competitors

Which mark is used for standardisation of electrical appliances in India?

1. ISI
2. Agmark
3. Hallmark
4. FSSAI

Which organisation is responsible for creating awareness among consumers in India?

1. RBI
2. ISRO
3. Consumer organisations
4. Election Commission

Which of the following is a major reason why consumers need protection?

1. Consumers always have complete information
2. Sellers always provide fair prices
3. Consumers may be exploited by unfair trade practices
4. Consumers control the market completely