Consumer Affairs-1

Who is considered a "consumer" according to the consumer protection act?

• A) A person who buys goods for commercial purposes

• B) A person who makes the sale of a good

• C) A person who obtains goods for resale

• D) A person who uses goods with the approval of the person who purchased them

Can a person who partially pays for goods or services still be considered a "consumer"?

• A) Yes

• B) No

What is a "consumer dispute" acording to COPRA 1986?

• A) A dispute where the person being complained against agrees with the allegations made against them

• B) A dispute where the person being complained against denies or challenges the allegations made against them

competition Act was enacted in the year _______

What was the impact of foreign direct investment in the banking sector?

• A) Increase in government's stake in banks

• B) Growth of public enterprise

• C) Decline of government's stake in banks and insurance firms

What was the immediate cause for the setting up of a committee to reform economic policy during P.V. Narasimha Rao's leadership?

• a) The need for economic growth

• b) The desire for political stability

• c) The economic crisis faced by India in the early 1990s

• d) The desire for increased international relations

When did Coca-Cola re-enter the Indian market after its initial exit?

• 1977

• 1985

• 1993

• 2000

What was the Licence Raj referred to as?

• a. The Permit Raj

• b. The Introspection Raj

• c. The Enterprise Raj

• d. The Entrepreneurship Raj

When was the Licence Raj in effect in India?

• a. From independence in 1947 until the early 1990s

• b. From the early 1990s until independence in 1947

• c. From the 1980s until the present day

• d. From the early 1970s until the late 1980s

What was the Licence Raj in India?

• a. A set of regulations that promoted the growth of private enterprise and industry

• b. A set of regulations that controlled and restricted the growth of private enterprise and industry

• c. A set of policies that encouraged entrepreneurship and innovation in India

• d. A set of policies that reduced government interference in the private sector