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History of Consumer Goods and Services

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Questions and Answers

What has led to the expansion of business and trade?

Decrease in services available to consumers

Industrial revolution and development in international trade and commerce (correct)

Development of consumer sovereignty

Decrease in consumer goods in the market

What has affected the relationship between traders and consumers?

Decrease in variety of consumer goods in the market

Well-organised sector of manufacturers and traders with better knowledge of markets (correct)

Consumer sovereignty

Decrease in advertisements of goods and services

What has influenced the demand for goods and services by consumers?

Increase in consumer sovereignty

Decrease in production of the same item by many firms

Advertisements in television, newspapers, and magazines (correct)

Decrease in variety of consumer goods in the market

What has led the consumers to think before making a purchase?

The production of the same item by many firms Signup and view all the answers

What is the primary concern to be checked for the welfare of the public?

Glut of adulterated and sub-standard articles in the market Signup and view all the answers

What is regarded as the 'Magna Carta' in the field of consumer protection in India?

The Consumer Protection Bill, 1986 Signup and view all the answers

What has made the principle of consumer sovereignty almost inapplicable?

A well organised sector of manufacturers and traders with better knowledge of markets Signup and view all the answers

What is the primary purpose of the Consumer Protection Bill, 1986?

To regulate unfair trade practices and deficiencies in services Signup and view all the answers

What is the role of Consumer Protection Councils in India?

To increase consumer awareness and guide consumers on filing cases Signup and view all the answers

Which organization was the first consumer organization established in India?

Consumer Guidance Society of India (CGSI) Signup and view all the answers

What is the jurisdiction of the District Consumer Disputes Redressal Commission (DCDRC) in India?

Cases valuing up to ₹10 million (US$130,000) Signup and view all the answers

Which act led to the establishment of a widespread network of consumer forums and appellate courts all over India?

The Consumer Protection Bill, 1986 Signup and view all the answers

What is the role of State Consumer Disputes Redressal Commission (SCDRC) in India?

To deal with cases valuing up to ₹20 million (US$260,000) Signup and view all the answers

What is the purpose of establishing Consumer Protection Councils at different levels in India?

To establish a network of consumer forums and appellate courts Signup and view all the answers