This quiz works best with JavaScript enabled. Home > Class 12 > Class 12 Business Studies Chapter 12 Consumer Protection – Quiz 7 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 12 Business Studies Chapter 12 Consumer Protection Quiz 7 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. In case, the aggrieved party is not satisfied with the order of the district forum, he can appeal in: A) State Commission. B) High Court. C) National Commission. D) Supreme Court. Show Answer Correct Answer: A) State Commission. 2. National consumer right day is observed in- A) 14th february. B) 2023-03-15 00:00:00. C) 2023-06-05 00:00:00. D) 2023-08-15 00:00:00. Show Answer Correct Answer: B) 2023-03-15 00:00:00. 3. Which of the following is NOT a consumer right under CPA 2019? A) Right to be informed. B) Right to choose. C) Right to profit. D) Right to redressal. Show Answer Correct Answer: C) Right to profit. 4. Independent agency of the US Government that protects the public against unreasonable risks of injuries and deaths associated with consumer products. A) BBB. B) CPSC. C) IRS. D) SEC. Show Answer Correct Answer: B) CPSC. 5. A complaint can be filed against a seller, manufacturer or a dealer of goods whose goods are ..... in any manner. A) Perfect. B) Flawless. C) Defective. D) None of these. Show Answer Correct Answer: C) Defective. 6. Once your identity is stolen, thieves can use it to ..... A) Spend all your money. B) Obtain a driver's license. C) Get arrested. D) All of the above. Show Answer Correct Answer: D) All of the above. 7. How can regularly monitoring your credit report help protect against identity theft? A) It prevents all types of fraud. B) It allows you to detect unauthorized activities early. C) It automatically alerts authorities of theft. D) It increases your credit score. Show Answer Correct Answer: B) It allows you to detect unauthorized activities early. 8. ..... is celebrated as world consumer day A) 24th December. B) 26th January. C) 15th March. D) None of the above. Show Answer Correct Answer: C) 15th March. 9. Apa tujuan utama Literasi Keuangan? A) Untuk menyediakan layanan asuransi. B) Untuk mengatur pasar saham. C) Untuk meningkatkan keuntungan lembaga keuangan. D) Untuk meningkatkan kualitas pengambilan keputusan dan manajemen keuangan. Show Answer Correct Answer: D) Untuk meningkatkan kualitas pengambilan keputusan dan manajemen keuangan. 10. District Consumer Disputes Redressal Commission is established by? A) State Government. B) Central Government. C) District Collector. D) National Commission. Show Answer Correct Answer: A) State Government. 11. A written article stating guarantee of product to repair or replace during a span or period of time A) Proof of purchase. B) Receipt. C) Warranty. D) Services. Show Answer Correct Answer: C) Warranty. 12. Distric Fourm If the value of goods, services and claim is ..... A) 20 Lakh. B) 20 Lakh to 1 cr. C) Upto 1 cr. D) None of the above. Show Answer Correct Answer: A) 20 Lakh. 13. (i) The District forum can deal with complaints which involve value of goods and compensation amounting to not more than ..... A) Rs. 5 lakhs,. B) Rs. 20 lakhs,. C) Rs. 1 Crore). D) None of the above. Show Answer Correct Answer: B) Rs. 20 lakhs,. 14. Products that can be used instead of another product (e.g. margarine can be used instead of butter), are called A) Substitute products. B) Complement products. C) Fake products. D) None of these. Show Answer Correct Answer: A) Substitute products. 15. In which clause the rule of district forum has been mentioned? A) U/s 12. B) U/s 14. C) U/s 10. D) None of these. Show Answer Correct Answer: C) U/s 10. 16. If amount of compensation is up to 20 lakhs in which forum case can be filled? A) State forum. B) District forum. C) National commission. D) Supreme Court of India. Show Answer Correct Answer: B) District forum. 17. A supplier is not required to provide spare parts once goods are sold. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 18. Apa peran OJK dalam mencegah penipuan keuangan? A) Peran utama OJK adalah memberikan pinjaman kepada individu. B) OJK mencegah penipuan keuangan dengan mengatur lembaga keuangan, memantau kepatuhan, dan mendidik masyarakat. C) OJK mempromosikan penipuan keuangan dengan membiarkan praktik yang tidak diatur. D) OJK hanya fokus pada peluang investasi tanpa menangani penipuan. Show Answer Correct Answer: B) OJK mencegah penipuan keuangan dengan mengatur lembaga keuangan, memantau kepatuhan, dan mendidik masyarakat. 19. Mrs. Jain should check the following standardisation mark while purchasing a gold ring for her daughter. A) Agmark. B) Hallmark. C) ISI. D) FPO. Show Answer Correct Answer: B) Hallmark. 20. How is the unfairness of a contractual term determined? A) Considering only the economic impact. B) Assessing the nature of goods and services and all circumstances. C) Based on the popularity of the product. D) Ignoring the date of contract conclusion. Show Answer Correct Answer: B) Assessing the nature of goods and services and all circumstances. 21. True or False. The Consumer Credit Act sets out consumer rights when they borrow money? A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 22. What does "validation" of debt mean? A) Proof that a debt is real. B) Removing the debt. C) Changing the payment date. D) Ignoring the debt. Show Answer Correct Answer: A) Proof that a debt is real. 23. What does the district forum mean according to the consumer Protection Act? A) City Civil Court. B) First class judicial magistrate. C) Munsif Court. D) Consumer disputes redressal forum. Show Answer Correct Answer: D) Consumer disputes redressal forum. 24. Who handles complaints related to consumer protection in Thailand? A) Business Association. B) Consumer Protection Board. C) Tourism Authority. D) Local Government. Show Answer Correct Answer: B) Consumer Protection Board. 25. Which of the following is a legal form of collective investment in South Africa? A) Pyramid scheme. B) Stokvel. C) Get-rich-quick scheme. D) High-yield investment program. Show Answer Correct Answer: B) Stokvel. ← 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 8Class 12 Business Studies Chapter 12 Consumer Protection Quiz 9Class 12 Business Studies Chapter 12 Consumer Protection Quiz 10Class 12 Business Studies Chapter 12 Consumer Protection Quiz 11 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books