Class 10 Economics Important MCQs - Chapter 5: Consumer Rights
What is the primary purpose of consumer rights?
A) To promote business interests
B) To protect consumers from exploitation
C) To regulate prices
D) To encourage competition
Answer: B) To protect consumers from exploitation
Which of the following is NOT a consumer right?
A) Right to safety
B) Right to choose
C) Right to privacy
D) Right to be informed
Answer: C) Right to privacy
The Consumer Protection Act was enacted in which year?
A) 1986
B) 1991
C) 2000
D) 2010
Answer: A) 1986
Which organization is responsible for addressing consumer complaints in India?
A) RBI
B) CCI
C) Consumer Disputes Redressal Commission
D) SEBI
Answer: C) Consumer Disputes Redressal Commission
What does the right to be informed entail?
A) Consumers should know the prices of products.
B) Consumers should be aware of the quality and quantity of products.
C) Consumers should be informed about the seller's background.
D) All of the above.
Answer: D) All of the above.
Which of the following is a common form of consumer exploitation?
A) False advertising
B) Price fixing
C) Substandard goods
D) All of the above
Answer: D) All of the above
What is the role of the National Consumer Helpline?
A) To provide legal advice
B) To assist consumers in filing complaints
C) To regulate prices
D) To promote businesses
Answer: B) To assist consumers in filing complaints
Which of the following is a responsibility of consumers?
A) To be aware of their rights
B) To report unfair trade practices
C) To provide feedback on products
D) All of the above
Answer: D) All of the above
What is the significance of the Consumer Protection Act?
A) It promotes business interests.
B) It provides a legal framework for consumer rights.
C) It regulates the prices of goods.
D) It encourages monopolies.
Answer: B) It provides a legal framework for consumer rights.
Which of the following is a consumer right related to safety?
A) Right to choose
B) Right to be informed
C) Right to safety from hazardous goods
D) Right to seek compensation
Answer: C) Right to safety from hazardous goods
What is the first step a consumer should take if they face an issue with a product?
A) File a lawsuit
B) Contact the seller
C) Inform the media
D) Ignore the issue
Answer: B) Contact the seller
Which of the following is a method of consumer redressal?
A) Mediation
B) Arbitration
C) Filing a complaint with consumer forums
D) All of the above
Answer: D) All of the above
What does the right to choose imply for consumers?
A) Consumers can select from a variety of products.
B) Consumers can demand lower prices.
C) Consumers can return products at any time.
D) Consumers can dictate market trends.
Answer: A) Consumers can select from a variety of products.
Which of the following is an example of unfair trade practice?
A) Offering discounts
B) Misleading advertisements
C) Providing warranties
D) Customer loyalty programs
Answer: B) Misleading advertisements
What is the role of consumer organizations?
A) To promote products
B) To protect consumer interests
C) To regulate prices
D) To support businesses
Answer: B) To protect consumer interests
Which of the following is a consumer right that ensures access to essential goods?
A) Right to safety
B) Right to choose
C) Right to basic needs
D) Right to be informed
Answer: C) Right to basic needs
What is the primary aim of consumer education?
A) To promote products
B) To inform consumers about their rights and responsibilities
C) To increase sales
D) To regulate businesses
Answer: B) To inform consumers about their rights and responsibilities
Which of the following is NOT a feature of the Consumer Protection Act?
A) Establishment of consumer forums
B) Regulation of prices
C) Protection against unfair trade practices
D) Right to seek compensation
Answer: B) Regulation of prices
What is the significance of consumer feedback?
A) It helps businesses improve their products.
B) It has no impact on businesses.
C) It is only useful for marketing.
D) It is a legal requirement.
Answer: A) It helps businesses improve their products.
Which of the following is a consequence of consumer exploitation?
A) Increased consumer trust
B) Decreased sales for businesses
C) Legal action against businesses
D) All of the above
Answer: D) All of the above
What is the role of the Consumer Disputes Redressal Commission?
A) To promote businesses
B) To resolve consumer complaints
C) To regulate prices
D) To provide legal advice
Answer: B) To resolve consumer complaints
Which of the following is a right of consumers in the context of advertising?
A) Right to be informed
B) Right to choose
C) Right to safety
D) Right to seek compensation
Answer: A) Right to be informed
What should consumers do if they are not satisfied with the resolution of their complaint?
A) Give up
B) Escalate the issue to higher authorities
C) Ignore the problem
D) Spread rumors
Answer: B) Escalate the issue to higher authorities
Which of the following is a responsibility of consumers when purchasing products?
A) To blindly trust advertisements
B) To read labels and understand product information
C) To ignore quality concerns
D) To avoid asking questions
Answer: B) To read labels and understand product information
What is the main focus of consumer rights advocacy?
A) To promote business interests
B) To ensure fair treatment of consumers
C) To regulate prices
D) To limit consumer choices
Answer: B) To ensure fair treatment of consumers
Which of the following is a common consumer complaint?
A) High prices
B) Poor quality
C) Misleading advertisements
D) All of the above
Answer: D) All of the above
What is the purpose of consumer awareness campaigns?
A) To promote specific products
B) To educate consumers about their rights
C) To increase sales
D) To regulate businesses
Answer: B) To educate consumers about their rights
Which of the following is a key element of consumer rights?
A) Right to be ignored
B) Right to be misled
C) Right to seek redressal
D) Right to be uninformed
Answer: C) Right to seek redressal
What is the role of the government in protecting consumer rights?
A) To promote businesses
B) To enforce consumer protection laws
C) To regulate prices
D) To limit consumer choices
Answer: B) To enforce consumer protection laws
Which of the following is an example of a consumer right?
A) Right to monopolize
B) Right to safety from hazardous products
C) Right to ignore quality
D) Right to be uninformed
Answer: B) Right to safety from hazardous products
CBSE CLASS 10 ECONOMICS IMPORTANT QUESTIONS (MCQS)
S.No
Chapter Name
MCQs
1
Development
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2
Sectors of Indian economy
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3
Money and credit
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4
Globalisation and the Indian economy
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5
Consumer rights
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