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CBSE Class 10th Economics EXTRA QUESTIONS Chapter 5 Consumer Rights

SHORT QUESTIONS AND ANSWER

Question 1. For what does ISO stand?

Answer:

ISO stand as for the International Organisation for Standardisation.

Question 2: Define ‘Consumer’.

Answer:

A consumer is an individual who purchases goods or services for personal use or consumption.

Question 3: What is the significance of Consumer Rights?

Answer:

Consumer Rights empower individuals to demand fair treatment, quality products, and accurate information from sellers.

Question 4: What are the six rights of consumers?

Answer:

The six rights of consumers are right to safety, right to information, right to choose, right to representation, right to redressal, and right to consumer education.

Question 5: Explain the concept of ‘Right to Safety’.

Answer:

The ‘Right to Safety’ ensures that consumers are protected from hazardous products or services that may endanger their health or safety.

Question 6: What is the ‘Right to Information’?

Answer:

The ‘Right to Information’ entitles consumers to access accurate and transparent information about products or services, including their ingredients, price, quality, and expiry date.

Question 7: Define ‘Right to Choose’.

Answer:

The ‘Right to Choose’ allows consumers to select from a variety of products and services available in the market, without being forced into a particular option.

Question 8: What does the ‘Right to Representation’ ensure?

Answer:

The ‘Right to Representation’ ensures that consumers have the freedom to express their interests and concerns through consumer organizations and forums.

Question 9: Explain the significance of the ‘Right to Redressal’.

Answer:

The ‘Right to Redressal’ enables consumers to seek compensation or resolution for grievances arising from the purchase of faulty products or deficient services.

Question 10: What is the importance of the ‘Right to Consumer Education’?

Answer:

The ‘Right to Consumer Education’ empowers consumers with knowledge and awareness about their rights and responsibilities, enabling them to make informed choices.

Question 11: What is meant by ‘Consumer Awareness’?

Answer:

Consumer Awareness refers to the level of understanding and consciousness among consumers regarding their rights, responsibilities, and available choices in the marketplace.

Question 12: Why is it important for consumers to be aware of their rights?

Answer:

It is important for consumers to be aware of their rights to protect themselves from exploitation, make informed decisions, and hold sellers accountable for unethical or unfair practices.

Question 13: What role do consumer organizations play in protecting consumer rights?

Answer:

Consumer organizations advocate for the interests of consumers, provide guidance and support in resolving disputes, and work towards promoting fair business practices.

Question 14: How can consumers seek redressal for their grievances?

Answer:

Consumers can seek redressal for their grievances by filing complaints with consumer courts, consumer forums, or through alternative dispute resolution mechanisms.

Question 15: What is the significance of the Consumer Protection Act, 1986?

Answer:

The Consumer Protection Act, 1986 aims to safeguard the rights of consumers and provide mechanisms for the speedy resolution of consumer disputes, ensuring fair and efficient redressal processes.

LONG QUESTIONS AND ANSWER

Question 1: What are the foundational principles underlying consumer rights, and how do they shape modern economic transactions and policies?

Answer:

Question 2: How do consumer rights empower individuals within a market economy, and what are the broader societal implications of ensuring these rights?

Answer:

Question 3: What historical events or movements have shaped the evolution of consumer rights globally, and how have they influenced contemporary consumer protection frameworks?

Answer:

Question 4: How do consumer rights intersect with other socio-economic concepts such as sustainability, social justice, and human rights?

Answer:

Question 5: What role do technological advancements and globalization play in shaping the landscape of consumer rights and challenges faced by consumers in the 21st century?

Answer:

Question 6: How do consumer rights laws and regulations vary across different countries and regions, and what factors influence these variations?

Answer:

Question 7: Discuss the role of consumer education and awareness campaigns in promoting consumer rights and responsibilities, and provide examples of successful initiatives in this regard.

Answer:

Question 8: How do businesses and corporations contribute to the protection of consumer rights, and what incentives do they have to comply with consumer protection laws?

Answer:

Question 9: Analyze the role of regulatory authorities and consumer advocacy groups in enforcing consumer rights and holding businesses accountable for their actions.

Answer:

Question 10: What are the emerging trends and future challenges in the field of consumer rights, and how can policymakers and stakeholders address them effectively?

Answer:

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