Class 10 Economics Chapter 5 Consumer Rights Quiz 5 (12 MCQs)

Quiz Instructions

Select an option to see the correct answer instantly.

1. John F. KennedyRichard M. NixonGerald R. Ford

Correct Answer: B) 3 Presidents who updated the consumer Bill of Rights.

2. Rights of consumer are protected under .....

Correct Answer: A) Consumer protection 1986.

3. ..... is not a part of the three tier judicial machinery?

Correct Answer: A) Tehsil Forum.

4. An example of bait-and-switch advertising would be a store

Correct Answer: B) Offering a bargain but persuading consumers to buy a more expensive item.

5. A company being sued by its consumers for false advertising and losing is an example of what consumer right?

Correct Answer: B) Right to be informed.

6. You buy a flat screen TV and the 'on/off' button is faulty. The store:

Correct Answer: D) Can choose to fix it-if this can be done quickly.

7. Consumer has the right to pick among various products, includes the sizes, colors, shape, etc.

Correct Answer: D) Right to Choose.

8. The Consumer Protection Act or COPRA was enacted in the year

Correct Answer: B) 1986.

9. Things that you must have in order to survive.

Correct Answer: B) Need.

10. Consumer Rights include:

Correct Answer: D) All of the above.

11. What economic system do most world economies fall into?

Correct Answer: A) Mixed.

12. A person who recognizes a business opportunity and organizes, manages, and assumes the risks of starting and operating a business.

Correct Answer: A) Entrepreneur.