Consumer Protection Quiz

What is one of the main reasons for the need for consumer protection?

• To protect consumers from unfair trade practices

• To increase market share

• To reduce consumer awareness

• To promote black marketing

Why is consumer protection important from the consumer's perspective?

• Consumers have no responsibilities

• Consumers may face exploitation

• Consumers are often aware of their rights

• Consumers are well-organized

How can businesses benefit from protecting consumers?

• By reducing their customer base

• By maximizing short-term profits

• By avoiding repeat sales

• By achieving long-term profit maximization

Why should businesses avoid exploitative trade practices?

• To reduce customer satisfaction

• To increase short-term profits

• To damage their reputation

• To invite government intervention

What is one way businesses can promote consumer protection?

• By reducing product quality

• By increasing product prices

• By regulating their own behavior

• By ignoring consumer complaints

What role do consumer organizations play in consumer protection?

• They discourage consumer awareness

• They educate consumers about their rights

• They promote unfair trade practices

• They support black marketing

Which of the following is NOT a way to protect consumer interests?

• Government intervention

• Self-regulation by business

• Consumer ignorance

• Business associations

What is a key component of consumer awareness?

• Reducing consumer education

• Knowing the rights and reliefs available

• Ignoring consumer rights

• Promoting black marketing

What is the purpose of the Consumer Protection Act of 1986?

• To eliminate consumer rights

• To establish a single-tier enforcement machinery

• To provide expensive redressal of consumer disputes

• To establish a three-tier enforcement machinery

What is the role of government in consumer protection?

• To reduce consumer awareness

• To support business exploitation

• To enforce laws protecting consumer interests

• To promote unfair trade practices