Economics Practice Quiz 75

Q1.The 'Agmark' certification is primarily associated with which of the following products, as per the provided text?

A. Electronic goods B. Edible oil and cereals C. Textile products D. Automobile parts

Q2.Which agency is responsible for developing standards for goods and services in India, as per the provided text?

A. District Consumer Commission B. Consumers International C. Bureau of Indian Standards D. Food Safety and Standards Authority

Q3.According to the provided text, which statement regarding consumer protection in India is presented as true?

A. COPRA applies only to goods. B. The consumer redressal process is very simple and quick. C. India has exclusive authorities established for consumer disputes redressal. D. It is worthwhile to move to consumer commissions only if the damages incurred are of high value.

Q4.What right does a consumer have regarding compensation, according to the provided text?

A. The right to receive only a replacement product. B. The right to get compensation depending on the degree of the damage. C. The right to claim compensation only for high-value damages. D. The right to no compensation if the product is under warranty.

Q5.Which of the following statements, presented for evaluation in the text, is generally considered false regarding COPRA?

A. Hallmark is for jewellery standardisation. B. India has exclusive consumer dispute redressal authorities. C. COPRA applies only to goods. D. Consumers have a right to compensation based on damage.

Q6.Which statement about the utility of consumer commissions is presented as potentially incorrect?

A. India has exclusive authorities for consumer disputes redressal. B. It is worthwhile to move to consumer commissions only if the damages incurred are of high value. C. When exploited, a consumer must file a case in the District Consumer Commission. D. A consumer has the right to get compensation based on the degree of damage.

Q7.Which statement regarding the consumer redressal process is presented as potentially inaccurate in the provided text?

A. Consumers have the right to compensation depending on the degree of damage. B. The consumer redressal process is very simple and quick. C. India has exclusive authorities for consumer disputes redressal. D. Hallmark is the certification for standardisation of jewellery.

Q8.After her Colour Television (CTV) stopped working within the warranty period and her complaint to the dealer went unanswered, what action did Mrs. Krishna decide to take?

A. She decided to buy a new CTV from a different shop. B. She decided to repair the CTV herself. C. She decided to write to the Consumer Commission in her area. D. She decided to contact the television manufacturer directly.

Q9.Who among the following authored the book "Development with Dignity: The Case for Full Employment"?

A. Amit Bhaduri B. Bimal Jalan C. Joseph Stiglitz D. Jagdish Bhagwati

Q10.The book "Intelligent Person’s Guide to Liberalisation" by Amit Bhaduri and Deepak Nayyar was published in which year?

A. 1996 B. 2002 C. 2005 D. 2007

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Economics Practice Quiz 75