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Commerce Exam  >  Commerce Tests  >  Business Studies (BST) Class 12  >  Test: Consumer Protection- Assertion & Reason Type Questions - Commerce MCQ

Test: Consumer Protection- Assertion & Reason Type Questions - Commerce MCQ


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12 Questions MCQ Test Business Studies (BST) Class 12 - Test: Consumer Protection- Assertion & Reason Type Questions

Test: Consumer Protection- Assertion & Reason Type Questions for Commerce 2024 is part of Business Studies (BST) Class 12 preparation. The Test: Consumer Protection- Assertion & Reason Type Questions questions and answers have been prepared according to the Commerce exam syllabus.The Test: Consumer Protection- Assertion & Reason Type Questions MCQs are made for Commerce 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Consumer Protection- Assertion & Reason Type Questions below.
Solutions of Test: Consumer Protection- Assertion & Reason Type Questions questions in English are available as part of our Business Studies (BST) Class 12 for Commerce & Test: Consumer Protection- Assertion & Reason Type Questions solutions in Hindi for Business Studies (BST) Class 12 course. Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free. Attempt Test: Consumer Protection- Assertion & Reason Type Questions | 12 questions in 24 minutes | Mock test for Commerce preparation | Free important questions MCQ to study Business Studies (BST) Class 12 for Commerce Exam | Download free PDF with solutions
Test: Consumer Protection- Assertion & Reason Type Questions - Question 1
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Direction: In the questions given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct?

Assertion (A): Consumer organisation such as NGOs and civil societies ensure check and balance against ill practices of business.

Reason (R): CA, 1986 gave legal states to the such organisation.

Detailed Solution for Test: Consumer Protection- Assertion & Reason Type Questions - Question 1
A consumer organisation/association is a membership-based non-governmental non-profit body created to promote the interests of consumers of goods and services, by disseminating information and lobbying for laws to protect consumers against producers or sellers, who may usually be better organised or have more resources.
Test: Consumer Protection- Assertion & Reason Type Questions - Question 2
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Direction: In the questions given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct?

Assertion (A): It is the responsibility of the consumer to buy only standardised goods as they provide quality assurance.

Reason (R): The consumers have certain responsibilities to follow and should keep a few things in mind while purchasing goods and services.

Detailed Solution for Test: Consumer Protection- Assertion & Reason Type Questions - Question 2
To put a stop to adulteration and corrupt practices of the manufacturers and traders, it is the duty of every consumer to be conscious of the quality of product they buy. They should look for the standard quality certification marks like ISI, Agmark, FPO, Woolmark, Eco-mark, Hallmark, etc. while making the purchases.
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Test: Consumer Protection- Assertion & Reason Type Questions - Question 3
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Direction: In the questions given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct?

Assertion (A): Right to safety under CPA, 1986 taken from UN convention on consumer protection.

Reason (R): Right to safety will ensure good quality of products to consumer.

Detailed Solution for Test: Consumer Protection- Assertion & Reason Type Questions - Question 3
The Consumer Protection Act, 1986, defines Right to Information as 'the right to be informed about the quality, quantity, potency, purity, standard and price of goods so as to protect the consumer against unfair trade practices'.
Test: Consumer Protection- Assertion & Reason Type Questions - Question 4
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Direction: In the questions given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct?

Assertion (A): The Consumer Protection Act, 2019 has not defined the criteria of Consumer Disputes Redressal Commission (CDRCs).

Reason (R): Under the Consumer Protection Act, 2019 the National CDRC will hear complaints worth more than ₹ 10 crores.
Detailed Solution for Test: Consumer Protection- Assertion & Reason Type Questions - Question 4
The Act has defined the criteria of Consumer Disputes Redressal Commission (CDRCs). The National CDRC will hear complaints worth more than ₹ 10 crores. The State CDRC will hear complaints when the value is more than ₹ 1 crore but less than ₹ 10 crore. While the District CDRC will entertain complaints when the value of goods or service is upto ₹ 1 crore.
Test: Consumer Protection- Assertion & Reason Type Questions - Question 5
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Direction: In the questions given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct?

Assertion (A): State Commission to consumer protection is head by a President, who have been a Judge of High Court.

Reason (R): Consumer Protection Commission is a Quasi-Judicial Body.
Detailed Solution for Test: Consumer Protection- Assertion & Reason Type Questions - Question 5
The Commission is headed by a sitting or retired Judge of the High Court. The Commission is presently headed by Hon'ble Mrs. Justice Daya Chaudhary, former Judge of the Punjab and Haryana High Court. State Commission deals with the consumer complaints where the value of goods or services paid as considered exceeds Rs.One Crore but upto Rs.Ten Crore, filed by the consumers under the Act. State Commission acts as Appellate Authority under Section 41 and Section 47 of Consumer Protection Act, 2019.
Test: Consumer Protection- Assertion & Reason Type Questions - Question 6
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Direction: In the questions given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct?

Assertion (A): Many enlightened business firms have set up their own consumer service and grievance cells.

Reason (R): The consumer has a right to file a complaint and to be heard in case of dissatisfaction with a good or a service.
Detailed Solution for Test: Consumer Protection- Assertion & Reason Type Questions - Question 6
According to the Right of the Consumer Awareness, the consumer has the right to represent him or to be heard or right to advocate his interest. In case a consumer has been exploited or has any complaint against the product or service then he has the right to be heard and be assured that his/her interest would receive due consideration. Under this right, the companies must have complaint cells to attend the complaints of customers.
Test: Consumer Protection- Assertion & Reason Type Questions - Question 7
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Direction: In the questions given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct?

Assertion (A): Appeals against the State Commission can also be filed before the National Commission of consumer protection.

Reason (R): Consumer protection institution is three tier-structure.
Detailed Solution for Test: Consumer Protection- Assertion & Reason Type Questions - Question 7
For the redressal of consumer grievances, the Consumer Protection Act 2019 provides for setting up of a three-tier enforcement machinery at the District, State, and the National levels, known as the District Consumer Disputes Redressal Commission, State Consumer Disputes Redressal Commission, and the National Consumer Disputes Redressal Commission.
Test: Consumer Protection- Assertion & Reason Type Questions - Question 8
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Direction: In the questions given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct?

Assertion (A): Indian Chambers of Commerce of India is a pressure group.

Reason (R): The institution deal with bread guideline for consumer welfare.
Detailed Solution for Test: Consumer Protection- Assertion & Reason Type Questions - Question 8
A pressure group is an organization that seeks to influence elected officials to take action or make a change on a specific issue. These groups include trade unions, ethnic associations, churches. Since the number of political parties is limited in the United States, pressure groups have increased in number and power.
Test: Consumer Protection- Assertion & Reason Type Questions - Question 9
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Direction: In the questions given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct?

Assertion (A): The objective of the Competition Act is to promote monopoly.

Reason (R): The Competition Act helps the market to maintain the prices at the justified level.
Detailed Solution for Test: Consumer Protection- Assertion & Reason Type Questions - Question 9
The main objectives of the Competition Act, 2002 are: to prevent monopolies and to promote competition in the market. to protect the freedom of trade for the participating individuals and entities in the market. to protect the interest of the consumer.
Test: Consumer Protection- Assertion & Reason Type Questions - Question 10
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Direction: In the questions given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct?

Assertion (A): FEMA is the replacement of FERA.

Reason (R): FEMA is introduced to regular the foreign exchange transactions in India.
Detailed Solution for Test: Consumer Protection- Assertion & Reason Type Questions - Question 10

In 1999 the FEMA was passed which replaced the FERA, though certain provisions of FERA 1973 still exist under FEMA 1999. To promote an orderly maintenance of the foreign exchange market In India. Regulation of foreign capital in India.

Test: Consumer Protection- Assertion & Reason Type Questions - Question 11
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Direction: In the questions given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct?

Assertion (A): Income tax is governed by the CBDT in India.

Reason (R): Income tax is a Indirect tax.
Detailed Solution for Test: Consumer Protection- Assertion & Reason Type Questions - Question 11
The Central Board of Direct Taxes is a statutory authority functioning under the Central Board of Revenue Act, 1963. The officials of the Board in their ex-officio capacity also function as a Division of the Ministry dealing with matters relating to levy and collection of direct taxes.
Test: Consumer Protection- Assertion & Reason Type Questions - Question 12
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Direction: In the questions given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct?

Assertion (A): The MRTP Act is enacted to prevent the monopoly in the market.

Reason (R): Monopoly is not good for any economy.
Detailed Solution for Test: Consumer Protection- Assertion & Reason Type Questions - Question 12
Monopolistic and Restrictive Trade Practice under MRTP Act, 1969. The Monopolistic and Restrictive Trade Practices Act, 1969, was enacted. To ensure that the operation of the economic system does not result in the concentration of economic power in hands of few, To provide for the control of monopolies.
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