This quiz works best with JavaScript enabled. Home > Cbse > Class 12 > Commerce > Business Studies > Class 12 Business Studies Chapter 12 Consumer Protection – Quiz 13 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 12 Business Studies Chapter 12 Consumer Protection Quiz 13 (60 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What is the CCPA's stance on public interest in consumer rights? A) It focuses only on high-value disputes. B) It prioritizes individual complaints. C) It does not consider public interest. D) It acts when consumer rights as a class are affected. Show Answer Correct Answer: D) It acts when consumer rights as a class are affected. 2. Which of the following is NOT a recommended way to protect your online accounts? A) Keeping your passwords private. B) Changing passwords regularly. C) Enabling two-factor authentication. D) Using the same password for all accounts. Show Answer Correct Answer: D) Using the same password for all accounts. 3. A class action lawsuit can help a person who is harmed because one attorney is hired to represent many. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 4. Which level of government regulates public utilities, insurance rates, and grants licenses for certain professions? A) Municipal. B) State. C) Federal. D) Local. Show Answer Correct Answer: B) State. 5. What is the limit of amount of goods, services and compensation upto which cases can be filed with National Commission? A) More than Rs 1 Crore. B) More than Rs. 2 crore. C) More than Rs. 10 crore. D) None of the above. Show Answer Correct Answer: C) More than Rs. 10 crore. 6. Shagun purchased a car for 3 crore rupees from an automobile company and found that its engine was defective. After many complaints with the company that went unheard, she filed a case. She was not satisfied with the decision and hence went on to file an appeal. Suggest Shagun where to file the appeal A) National commission. B) State commission. C) District commission. D) Supreme court. Show Answer Correct Answer: D) Supreme court. 7. What is the role of the committee on consumer policy in the future? A) To act as an international forum for consumer policy. B) To develop new business models. C) To educate consumers about sustainability. D) To enforce consumer protection laws. Show Answer Correct Answer: A) To act as an international forum for consumer policy. 8. Aashi saw an advertisement for a new smartphone that claimed it could take photos in complete darkness. However, after purchasing it, she found that the phone did not perform as advertised. She wants to know what the maximum penalty for misleading advertisements under the CCPA is. A) Rs. 10, 00, 000. B) Rs. 5, 00, 000. C) Rs. 1, 00, 000. D) Rs. 50, 00, 000. Show Answer Correct Answer: A) Rs. 10, 00, 000. 9. The Financial Services Compensation Scheme (FSCS): A) Sorts out complaints between customers and product providers. B) Pays money to savers if their provider becomes bankrupt. C) Helps people who have suffered a loss because they failed to take out insurance. D) None of the above. Show Answer Correct Answer: B) Pays money to savers if their provider becomes bankrupt. 10. A consumer means any person who buys goods for A) Consumption. B) Commercial purpose. C) Giving gifts. D) Resale. Show Answer Correct Answer: A) Consumption. 11. The consumer has the right to get compensation against unfair trade practices under ..... A) Right to choose. B) Right to seek redressal. C) Right to safety. D) None of the above. Show Answer Correct Answer: B) Right to seek redressal. 12. A group of people with the same or similar injuries caused by the same product or action sue the defendant as a group. A) Class Action Lawsuit. B) Arbitration. C) Mediation. D) Small Claims Court. Show Answer Correct Answer: A) Class Action Lawsuit. 13. What must the BSI provide to Financial Consumers after executing a contract? A) A copy of the signed documents. B) Only the contract terms. C) No documents provided. D) None of the above. Show Answer Correct Answer: A) A copy of the signed documents. 14. Topics such as product liability, privacy rights, unfair business practices, etc. are considered areas of ..... law. A) Consumer. B) Business. C) Marketplace. D) Copyright. Show Answer Correct Answer: A) Consumer. 15. Occupancy is a means of acquiring abandoned property. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 16. Consumer Protection Act provides 5 consumer rights to help in getting their grievances redressed. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: B) FALSE. 17. Which government agency is responsible for protecting consumers in banking? A) Federal Trade Commission (FTC). B) Department of Education. C) Consumer Financial Protection Bureau (CFPB). D) Environmental Protection Agency (EPA). Show Answer Correct Answer: C) Consumer Financial Protection Bureau (CFPB). 18. What are the responsibilities of businesses in ensuring consumer protection? A) Selling unsafe and unreliable products. B) Providing inaccurate information and unfair pricing. C) Ensuring safe and reliable products, accurate information, fair pricing, and addressing consumer complaints and concerns. D) Ignoring consumer complaints and concerns. Show Answer Correct Answer: C) Ensuring safe and reliable products, accurate information, fair pricing, and addressing consumer complaints and concerns. 19. What is one of the roles of the Financial Conduct Authority (FCA)? A) To provide grants to financial institutions. B) To ensure that financial markets are honest, fair, and effective. C) To offer legal advice to consumers. D) To manage the national budget. Show Answer Correct Answer: B) To ensure that financial markets are honest, fair, and effective. 20. A prolonged warranty offered to consumers in addition to the standard warranty and may be offered by the warranty administrator, retailer, or manufacturer? A) Implied Warranty. B) Extended Warranty. C) Service Contract. D) Express Warranty. Show Answer Correct Answer: B) Extended Warranty. 21. Who has the role of; Listening to disputes/Understanding what has happened/ Giving Unbiased opinions and Identifying if there is a valid cause for complaint? A) Financial Ombudsman Service. B) Financial Services Compensation Scheme. C) Office of Fair Trading. D) Financial Conduct Authority. Show Answer Correct Answer: A) Financial Ombudsman Service. 22. What is one way scammers try to steal your identity online? A) Offering free security software from official websites. B) Sending you newsletters about online safety. C) Sending fake emails that look like they are from your bank. D) Encouraging you to update your password regularly. Show Answer Correct Answer: C) Sending fake emails that look like they are from your bank. 23. The satisfaction of human want is called: A) Consumption. B) Production. C) Distribution. D) None of these. Show Answer Correct Answer: A) Consumption. 24. Lawsuit made possible by the procedural joining of similarly situated plaintiffs. A) Small claims. B) Cease and desist. C) Class action. D) None of the above. Show Answer Correct Answer: C) Class action. 25. What personal information should you be careful with? A) Social Security Number. B) Banking Info. C) Name and Address. D) All of the choices. Show Answer Correct Answer: D) All of the choices. 26. Which of these consumer organizations test and inspect materials from products to ensure they are appropriate for sale? A) The Bureau of Standards. B) The Consumer Affairs Division. C) The Ombudsman. D) The Government. Show Answer Correct Answer: A) The Bureau of Standards. 27. Consider the following statements regarding National Consumer Disputes Redressal Commission (NCDRC) & choose the right ones:1. set up in 1986 under Consumer Protection Act2. headed by a sitting or retired judge of High Court of India A) 1 only. B) 2 only. C) Both 1 & 2. D) Neither 1 nor 2. Show Answer Correct Answer: D) Neither 1 nor 2. 28. What is an example of an unfair business practice? A) Using bait-and-switch tactics. B) Offering free shipping on orders over $ 50. C) Providing a warranty for a product. D) Offering a product at a discounted price. Show Answer Correct Answer: A) Using bait-and-switch tactics. 29. What is a potential issue with the CCPA's investigative powers? A) They may not cover all consumer issues. B) They are limited to specific sectors. C) They lack enforcement mechanisms. D) They are too broad & overlap. Show Answer Correct Answer: D) They are too broad & overlap. 30. Teens are some of the most frequent targets of identity theft and other scams. Why? A) Identity thieves look for "clean" Social Security numbers that haven't yet been used to get credit. B) Thieves want to help teens get student loans for college. C) It will help teens do better in school. D) Identity thieves are just testing teens to see if they will fall for their scams. Show Answer Correct Answer: A) Identity thieves look for "clean" Social Security numbers that haven't yet been used to get credit. 31. A company's products and prices is visually represented by ..... A) Shopping cart. B) Web portal. C) Electronic catalogue. D) None of the above. Show Answer Correct Answer: C) Electronic catalogue. 32. How does the Act ensure the protection of vulnerable consumers? A) The Act ensures the protection of vulnerable consumers through clear information, prohibiting unfair practices, and providing access to dispute resolution. B) The Act limits consumer rights to protect businesses. C) The Act encourages aggressive marketing tactics. D) The Act mandates higher prices for vulnerable consumers. Show Answer Correct Answer: A) The Act ensures the protection of vulnerable consumers through clear information, prohibiting unfair practices, and providing access to dispute resolution. 33. What is the purpose of consumer awareness? A) To deceive consumers and sell low-quality products. B) To limit the choices available to consumers. C) To increase the price of products and services. D) To inform consumers about their rights and responsibilities, and ensure the quality and safety of products and services they purchase. Show Answer Correct Answer: D) To inform consumers about their rights and responsibilities, and ensure the quality and safety of products and services they purchase. 34. Which action is most consistent with fraudulent telemarketing in consumer protection law? A) Calling to offer a free trial with clear written terms. B) Calling to conduct a public opinion survey about brands. C) Calling to verify a recalled product notice. D) Calling to demand payment for unordered merchandise. Show Answer Correct Answer: D) Calling to demand payment for unordered merchandise. 35. The practice of pressuring consumers to buy a more expensive product than they intended is called? A) Loss leader. B) Cooling off period. C) Bait and switch. D) Trading up. Show Answer Correct Answer: D) Trading up. 36. In case a consumer is not satisfied with the order passed in the State Commission, he can further make an appeal in the National Commission within a time period of A) 20 days. B) 30 days. C) 45 days. D) 10 days. Show Answer Correct Answer: B) 30 days. 37. What are the rights of consumers in case of defective goods? A) Consumers must keep defective goods without any compensation. B) Consumers have the right to a refund, replacement, or repair for defective goods. C) Consumers can only exchange defective goods for store credit. D) Consumers have no rights regarding defective goods. Show Answer Correct Answer: B) Consumers have the right to a refund, replacement, or repair for defective goods. 38. What are the consequences for businesses that violate consumer protection laws? A) Increased customer loyalty and trust. B) Fines, legal action, damage to reputation, and loss of customer trust. C) Positive impact on brand reputation. D) Financial rewards and incentives. Show Answer Correct Answer: B) Fines, legal action, damage to reputation, and loss of customer trust. 39. Which section makes false or misleading conduct an offence? A) Section 10. B) Section 7. C) Section 9. D) Section 8. Show Answer Correct Answer: C) Section 9. 40. Grace is shopping for a new toy for her younger brother. She wants to ensure that the toy complies with the General Product Safety Regulations. What is the main focus of these regulations? A) Product marketing. B) Product innovation. C) Product safety. D) Product affordability. Show Answer Correct Answer: C) Product safety. 41. What is a warning sign of a Ponzi scheme? A) Returns promised are too good to be true. B) Returns promised are reasonable and achievable. C) Investment is guaranteed to make a profit. D) Investment is backed by a reputable company. Show Answer Correct Answer: A) Returns promised are too good to be true. 42. How has the digital transformation impacted the consumer marketplace? A) It has made products more expensive. B) It has made it easier to enforce consumer protection laws. C) It has changed the way we buy and learn about products. D) It has reduced the need for international cooperation. Show Answer Correct Answer: C) It has changed the way we buy and learn about products. 43. What must credit companies publish according to the Consumer Credit Acts? A) The product warranty details. B) The Annual Percentage Rate (APR). C) The customer service contact. D) The company's annual revenue. Show Answer Correct Answer: B) The Annual Percentage Rate (APR). 44. What are the responsibilities of manufacturers under product liability? A) Manufacturers can ignore safety regulations if they are cost-effective. B) Manufacturers must provide free samples to consumers. C) Manufacturers must ensure product safety, provide warnings, and conduct testing. D) Manufacturers are only responsible for marketing their products. Show Answer Correct Answer: C) Manufacturers must ensure product safety, provide warnings, and conduct testing. 45. . Rita wants to buy a packet of juice. As an aware customer, how can she be sure about the quality of juice she plans to buy? A) FPO MARK. B) HALLMARK. C) ISI MARK. D) AGMARK. Show Answer Correct Answer: A) FPO MARK. 46. Which of the following is an example of environmental protection legislation in the UK? A) The National Minimum Wage Act 1998. B) The Environmental Protection Act 1990. C) The Employment Rights Act 1996. D) The Consumer Rights Act 2015. Show Answer Correct Answer: B) The Environmental Protection Act 1990. 47. Separately purchased agreement by the manufaturer or outside company A) Extended contract. B) Service contract. C) Full warranty. D) Limited warranty. Show Answer Correct Answer: B) Service contract. 48. Telephone sales people are formally known as ..... A) Adulterated. B) Annoying. C) Telemarketers. D) Consumers. Show Answer Correct Answer: C) Telemarketers. 49. Hey there! Can you help Krish identify which law aims at protecting and promoting the consumer's interest? A) The Sale of Goods Act 1930. B) The Trade Marks Act 1999. C) The Consumer Protection Act 2019. D) The Competition Act 2002. Show Answer Correct Answer: C) The Consumer Protection Act 2019. 50. What should consumers do if they believe their rights have been violated? A) Post about it on social media and hope for a resolution. B) Seek legal advice and consider filing a complaint. C) Confront the individual or company directly. D) Ignore the situation and hope it goes away. Show Answer Correct Answer: B) Seek legal advice and consider filing a complaint. 51. The consumer must be assured whenever possible access to a variety of goods and services at competitive prices. A) Right to safety. B) Right to choose. C) Right to Consumer Protection Act. D) Right to be heard. Show Answer Correct Answer: B) Right to choose. 52. This is the total amount that you actually earn before anything is subtracted: A) Budget. B) Gross Pay. C) Deductions. D) Taxes. Show Answer Correct Answer: B) Gross Pay. 53. A customer service problem happens when A) A customer asks for the manager. B) Customer complaint is ignored. C) Serving the customers becomes unprofitable. D) Customer service does not meet expectations. Show Answer Correct Answer: D) Customer service does not meet expectations. 54. The President of District Commission is a. A) District Judge. B) Lower Court Judge. C) Supreme Court Judge. D) High Court Judge. Show Answer Correct Answer: A) District Judge. 55. What is insurance coverage? A) The amount your insurance company is willing to pay. B) The amount you pay to the insurance company each month. C) The amount you pay for visits to a doctor. D) None of the above. Show Answer Correct Answer: A) The amount your insurance company is willing to pay. 56. Who does the Consumer Protection Act, 2019 protect? A) Businesses. B) Manufacturers. C) Shop owners. D) Consumers. Show Answer Correct Answer: D) Consumers. 57. Quotation drafting is one of the step in process of? A) Purchase module. B) Sales module. C) Inventory module. D) All of these. Show Answer Correct Answer: B) Sales module. 58. Working Non-Government organization for consumer protection in India is: A) VOICE. B) Common Cause. C) Both of the above. D) None of these. Show Answer Correct Answer: C) Both of the above. 59. Fees or stamp duty for the consumer complaint. A) 1000/-rs. B) No Fee. C) 100/-rs. D) 10/-rs. Show Answer Correct Answer: B) No Fee. 60. A person who steals checks from an active account and imitates the account holder's signature A) Altered checks. B) Closed account fraud. C) Counterfeit checks. D) Forgery. Show Answer Correct Answer: D) Forgery. ← PreviousNext →Related QuizzesCommerce QuizzesClass 12 QuizzesClass 12 Business Studies Chapter 12 Consumer Protection Quiz 1Class 12 Business Studies Chapter 12 Consumer Protection Quiz 2Class 12 Business Studies Chapter 12 Consumer Protection Quiz 3Class 12 Business Studies Chapter 12 Consumer Protection Quiz 4Class 12 Business Studies Chapter 12 Consumer Protection Quiz 5Class 12 Business Studies Chapter 12 Consumer Protection Quiz 6Class 12 Business Studies Chapter 12 Consumer Protection Quiz 7Class 12 Business Studies Chapter 12 Consumer Protection Quiz 8 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books