History of Consumer Goods and Services
14 Questions
0 Views

History of Consumer Goods and Services

Created by
@StrongerSchrodinger

Podcast Beta

Play an AI-generated podcast conversation about this lesson

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?

    <p>The production of the same item by many firms</p> Signup and view all the answers

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

    <p>Glut of adulterated and sub-standard articles in the market</p> Signup and view all the answers

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

    <p>The Consumer Protection Bill, 1986</p> Signup and view all the answers

    What has made the principle of consumer sovereignty almost inapplicable?

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

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

    <p>To regulate unfair trade practices and deficiencies in services</p> Signup and view all the answers

    What is the role of Consumer Protection Councils in India?

    <p>To increase consumer awareness and guide consumers on filing cases</p> Signup and view all the answers

    Which organization was the first consumer organization established in India?

    <p>Consumer Guidance Society of India (CGSI)</p> Signup and view all the answers

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

    <p>Cases valuing up to ₹10 million (US$130,000)</p> 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?

    <p>The Consumer Protection Bill, 1986</p> Signup and view all the answers

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

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

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

    <p>To establish a network of consumer forums and appellate courts</p> Signup and view all the answers

    More Like This

    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser