List of top Business Studies Questions on Consumer Protection

Rishabh purchased a car for ₹ 8,00,000. He insured the car on the same day from Alex Insurance Company. Rishabh’s car was stolen in Kedwan while he was on vacation with his family. He promptly filed a First Information Report (FIR), informed the insurer and submitted all the required documents.
To Rishabh’s shock, the insurance company rejected his claim, alleging he had failed to take due care and had parked the car in an unsafe manner. Determined to challenge this, Rishabh wrote multiple letters to the insurance company, but the insurance company refused to pay the compensation.
Rishabh filed a case with District Commission. The District Commission was satisfied with the genuineness of the complaint and ordered the insurance company to pay a reasonable amount.
Identify and explain two consumer rights which have been exercised by Rishabh.

State whether the following are True or False:
(a) A quotation letter seeks information about the availability of products with the seller.
(b) Food Safety and Standards Authority of India (FSSAI) collects and collates data on contamination of water.
(c) Laid off employees cannot be reappointed in the same firm even when its business conditions improve.
(d) Trade blocks such as increase in tariffs restrict globalisation of industries.

As a Marketing Manager, list out any four characteristics you keep in mind while choosing a good brand name.

State any two importance of Controlling.

Paraga company decided to raise 40% of funds through debentures. Which financial decision is it?

Explain the importance of Consumer Protection.

Explain Consumer Rights.

What is Consumer Protection?

The importance of consumer protection from the business point of view includes: (A) Social responsibility
(B) Government intervention
(C) Business uses its own resources
(D) Long term interest of business

Manju was shopping in a grocery store. She picked up a product and started searching for the FPO mark on the package. What was the product in her hand?

Which of the following cannot file a complaint under the consumer protection act 2019?

Rajat was carrying on a business of manufacturing plastic disposables like plastic plates, plastic cups and plastic straws. He heard about the upcoming ban on single use plastics. He was able to identify this external environmental trend which could hinder his firm’s performance. So he took action and shifted to manufacturing the plates, cups and straws from bamboo and palm leaves. As a result, his business not only survived but was able to generate profit.
The point of importance of Business Environment highlighted above is :

Lyka Ltd. launched its new range of herbal shampoos at the beginning of the year. As per legal framework, Lyka Ltd. provided the name and address of the manufacturer, the weight, manufacturing date, expiry date, maximum retail price etc. on the package and label of the herbal shampoo.
The consumer right highlighted above is :

State any four reliefs that can be issued to the opposite party when the consumer court is satisfied about the genuineness of the complaint.

State any four points of importance of consumer protection from the point of view of business.

State any four functions performed by consumer organizations and non-governmental organizations for protecting and promoting the interest of consumers.

The legal framework in India requires the manufacturers to provide information about ingredients, date of manufacture, quantity, price, directions for use, etc., on the label of the product. From the following, identify the consumer right that is satisfied by the firm by fulfilling the requirement:

Niyati, a school teacher, tells children not to pollute the environment and carries a bag to collect wrappers. Which responsibility of a consumer is she discharging?

Kewalram started a sweets shop named ‘Karamati Sweets’ in 1950. The sweets were famous all over India for their good quality, and people would come from far and wide to purchase sweets from him. As he grew old, he could no longer run the shop. So, he sold the shop to one of his neighbours, Bholaram. After a few months, in an attempt to increase revenue, Bholaram started engaging in unfair trade practices such as using adulterated khoya and paneer. He believed that no one would find out because ‘Karamati Sweets’ already had a good image in the eyes of the people. However, soon people started falling sick after consuming sweets purchased from the shop, but they did not know where to go and to whom they should complain. Raghav, a resident of the village who had recently completed his studies, was also a member of a non-governmental organisation called ‘Meri Voice’. He felt that the villagers should be made aware of their rights and the reliefs available to them. He took the initiative to create awareness about consumer rights among the villagers to protect their interests through a series of talks and presentations in the village.
(a) Identify and explain the consumer right discussed in the above para.
(b) Also, identify and explain the consumer right violated by ‘Bholaram’ in the above case.

Kewalram started a sweets shop 'Karamati Sweets' in 1950. The sweets were famous all over India for their good quality and people would come from far and wide to purchase sweets from him. As he grew old, he could no longer run the shop. So, he sold the shop to one of his neighbours 'Bholaram'. After a few months, to further increase the revenue, 'Bholaram' started engaging in unfair trade practices like using adulterated khoya and paneer. He thought that no one would know about it as 'Karamati Sweets' had a good image in the eyes of the people. Slowly, people started falling sick after consuming sweets purchased from 'Karamati Sweets' but they did not know where to go and to whom to complain. Raghav, a resident of the village had recently completed his studies. He was also a member of a non-governmental organisation. 'Meri Voice'. He felt that the villagers should be made aware about the rights and reliefs available to them. He started creating awareness about consumer rights among the villagers to protect their interest through a series of talks and presentations in the village.
(a) Identify and explain the consumer right discussed in the above para.

Kewalram started a sweets shop 'Karamati Sweets' in 1950. The sweets were famous all over India for their good quality and people would come from far and wide to purchase sweets from him. As he grew old, he could no longer run the shop. So, he sold the shop to one of his neighbours 'Bholaram'. After a few months, to further increase the revenue, 'Bholaram' started engaging in unfair trade practices like using adulterated khoya and paneer. He thought that no one would know about it as 'Karamati Sweets' had a good image in the eyes of the people. Slowly, people started falling sick after consuming sweets purchased from 'Karamati Sweets' but they did not know where to go and to whom to complain. Raghav, a resident of the village had recently completed his studies. He was also a member of a non-governmental organisation. 'Meri Voice'. He felt that the villagers should be made aware about the rights and reliefs available to them. He started creating awareness about consumer rights among the villagers to protect their interest through a series of talks and presentations in the village. (a) Identify and explain the consumer right discussed in the above para. (b) Also, identify and explain the consumer right violated by 'Bholaram' in the above case.

Navya went to a supermarket for grocery shopping. She bought one kg of bajra flour from the supermarket. On reaching home when she opened the packet she found worms inside it. She was disappointed and told her son about the same. Her son asked her to check the label. When she checked the label of the packet, she found that bajra flour was stale and beyond the expiry date. She approached the sales-person at the supermarket who replaced the bajra flour immediately. When she thanked the sales-person, she was told that it was the policy of the supermarket to satisfy the customers. He further told that satisfied customers not only lead to repeat sales but they also provide good feedback to prospective customers which helps in increasing the customer base of business. Identify the point of importance of consumer protection from the point of view of the supermarket which is helping them to increase the customer base :

Shridhan wanted to purchase an electric car. He visited a retail showroom of a car company where these cars were displayed. The Marketing Manager of this showroom told Shridhan that the company offers credit facilities, maintenance services, and many other services that help in bringing repeat sales and developing brand loyalty for their cars. The marketing function being discussed by the Marketing Manager in the above case is:

Match List-I with List-II.

Choose the correct answer from the options given below :