Consumer Protection Standards
5 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is the purpose of the Consumer Protection Standards?

  • To provide consumer education
  • To ensure responsible financing practices
  • To protect consumer data
  • To regulate financial institutions (correct)

    • Which circular number introduced the Consumer Protection Regulation?

  • Circular No. 2 - 2020
  • Circular No. 6 - 2020
  • Circular No. 4 - 2020
  • Circular No. 8 - 2020 (correct)

    • What is the role of the Consumer Protection Standards in relation to the Regulation?

  • They are subject to approval
  • They are supplementary documents
  • They are optional guidelines
  • They are mandatory and enforceable (correct)

    • Which article of the Consumer Protection Standards focuses on market conduct?

    <p>Article 5</p> Signup and view all the answers

    Which article of the Consumer Protection Standards addresses the protection of consumer data and assets?

    <p>Article 6</p> Signup and view all the answers

    More Like This

    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser