This quiz works best with JavaScript enabled. Home > Class 12 > Class 12 Business Studies Chapter 12 Consumer Protection – Quiz 24 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 12 Business Studies Chapter 12 Consumer Protection Quiz 24 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What is caveat venditor? A) Let the buyer beware. B) Let the company beware. C) Let the seller beware. D) None of the above. Show Answer Correct Answer: C) Let the seller beware. 2. Minimum no. of member in National Commission is- A) 1. B) 4. C) 5. D) 10. Show Answer Correct Answer: C) 5. 3. Dushyant, who was a vegetarian, went to a snack bar for having French fries and later on found out that it has non-vegetarian content. Neither the advertisement nor the packing of the product displayed that the product has non-vegetarian content. Which right of the consumer is violated? A) RIGHT TO SAFETY. B) RIGHT TO SEEK REDRESSAL. C) RIGHT TO INFORMATION. D) RIGHT TO BE HEARD. Show Answer Correct Answer: C) RIGHT TO INFORMATION. 4. The consumer organisation 'VOICE' is situated in: A) Delhi. B) Mumbai. C) Kolkata. D) Chennai. Show Answer Correct Answer: A) Delhi. 5. This institution monitors quality of products and ensures the accuracy of weights and measures A) The Consumer Affairs Division. B) The Bureau of Standards. C) The Ombudsman. D) The Ministry of Public Utilities. Show Answer Correct Answer: B) The Bureau of Standards. 6. Who appoints the President of the National Consumer Disputes Redressal Commission (NCDRC)? A) Prime Minister. B) Parliament. C) Central Government in consultation with Chief Justice of India. D) Consumer groups. Show Answer Correct Answer: C) Central Government in consultation with Chief Justice of India. 7. Appeal against the judgment given by a District Forum can be filed in Supreme Court. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 8. Which of the following is a sign of a phishing attempt? A) An email asking for your password urgently. B) A message from a known friend. C) A receipt for a recent purchase. D) A newsletter subscription confirmation. Show Answer Correct Answer: A) An email asking for your password urgently. 9. By mentioning Customer Care Number on the package of One-Plus 5 cell phone, which consumer right is the company trying to exercise? A) Right to be heard. B) Right to choose. C) Right to safety. D) Right to consumer education. Show Answer Correct Answer: A) Right to be heard. 10. NGOs does not take initiative in filing cases in consumer courts in the internet of general public. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: B) FALSE. 11. What is Data Breach? A) Data breach is a term used in agriculture. B) Data breach is any security incident that results in unauthorized access to confidential information. C) A data breach is a security incident where sensitive, protected, or confidential data is accessed or disclosed without authorization. D) Data breach is a type of software update. Show Answer Correct Answer: B) Data breach is any security incident that results in unauthorized access to confidential information. 12. Which of the following statements accurately reflects current issues related to identity theft? A) Identity theft only affects people with poor credit scores. B) Data breaches have exposed personal information of millions of individuals in recent years. C) Identity theft is no longer a concern due to improved security measures. D) Most identity theft cases are quickly resolved without any financial loss. Show Answer Correct Answer: B) Data breaches have exposed personal information of millions of individuals in recent years. 13. WHO CAN FILE A COMPLAINT? A) A CONSUMER. B) ONE OR MORE CONSUMERS ON BEHALF OF A CONSUMER. C) LEGAL HEIRS OF A DECEASED CONSUMER. D) ALL OF THE ABOVE. Show Answer Correct Answer: D) ALL OF THE ABOVE. 14. What change was made regarding residential mortgage loans in the 2018 amendment to the Dodd-Frank Act? A) They were subjected to higher interest rates. B) They were exempted from escrow requirements conditionally. C) They required additional insurance. D) They were no longer available to consumers. Show Answer Correct Answer: B) They were exempted from escrow requirements conditionally. 15. A merchant's written promise to hold an offer open for the sale or lease of goods. A) Declaration. B) Adhesion. C) Firm Offer. D) Their word. Show Answer Correct Answer: C) Firm Offer. 16. Bagaimana OJK melindungi konsumen di sektor keuangan? A) OJK melindungi konsumen dengan berinvestasi di pasar luar negeri. B) OJK melindungi konsumen dengan menawarkan pinjaman langsung kepada individu. C) OJK melindungi konsumen dengan menegakkan regulasi, memberikan pendidikan, dan menangani keluhan. D) OJK melindungi konsumen dengan memberikan insentif pajak kepada bank. Show Answer Correct Answer: C) OJK melindungi konsumen dengan menegakkan regulasi, memberikan pendidikan, dan menangani keluhan. 17. The consumer must have freedom to access to a variety of goods and services at competitive prices. State the right. A) Right to Safety. B) Right to Choose. C) Right to be Heard. D) Right to be Informed. Show Answer Correct Answer: B) Right to Choose. 18. What does the Fair Credit Reporting Act regulate? A) The collection of credit information. B) The advertising of products. C) The sale of securities. D) The issuance of mortgages. Show Answer Correct Answer: A) The collection of credit information. 19. The Right to Consumer Education makes certain that consumers have a variety of goods and services from which to choose. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 20. Many companies set up their own grievance cells, which right of consumer is refered to here? A) Right to safety. B) Right to be heard. C) Right to information. D) Right to seek redressal. Show Answer Correct Answer: B) Right to be heard. 21. What does the term 'damage' include under the Consumer Protection Act 1987? A) Only damage to the product itself. B) Only financial losses. C) Death or personal injury or any loss of or damage to any property. D) Only physical injuries. Show Answer Correct Answer: C) Death or personal injury or any loss of or damage to any property. 22. Right to safety: A) Protects consumer from physical damage or injury. B) Informs the consumer. C) Both (a) and (b). D) None of the above. Show Answer Correct Answer: A) Protects consumer from physical damage or injury. 23. How much must a contract be worth for it to be required in writing? A) $ 100. B) $ 200. C) $ 500. D) $ 1, 000. Show Answer Correct Answer: C) $ 500. 24. What does the economic approach in consumer law establish? A) Freedom of contract. B) Inequality of bargaining power and market failure. C) Protection against biased decisions. D) Norms of cooling-off period. Show Answer Correct Answer: B) Inequality of bargaining power and market failure. 25. What is the food cosmic act A) Requires all food to be labeled safe. B) The checking of all foods before processed. C) Abuses in food packaging and quality, and it mandated legally enforceable food standards. D) None of the above. Show Answer Correct Answer: C) Abuses in food packaging and quality, and it mandated legally enforceable food standards. ← PreviousNext →Related 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 8Class 12 Business Studies Chapter 12 Consumer Protection Quiz 9Class 12 Business Studies Chapter 12 Consumer Protection Quiz 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books