#1
Which organization is responsible for consumer protection in the United States?
FTC
ExplanationFederal Trade Commission oversees consumer protection in the US.
#2
In which year was the Consumer Protection Act enacted in India?
1986
ExplanationConsumer Protection Act in India was enacted in 1986.
#3
Which type of fraud involves the unauthorized use of another person's credit card information?
Identity theft
ExplanationUnauthorized use of someone's credit card info.
#4
Which of the following federal agencies in the U.S. is responsible for ensuring the safety of food and drugs?
Food and Drug Administration (FDA)
ExplanationFDA ensures safety of food and drugs in the US.
#5
What is the purpose of a recall in consumer protection?
To remove unsafe products from the market
ExplanationRecalls remove unsafe products from the market.
#6
What does the term 'caveat emptor' mean in the context of consumer rights?
Let the buyer beware
ExplanationBuyer should be cautious of their purchases.
#7
Which of the following is NOT a consumer right according to the Consumer Bill of Rights?
Right to deceive
ExplanationConsumers do not have the right to deceive others.
#8
What is the purpose of the Magnuson-Moss Warranty Act?
To provide guidelines for product warranties
ExplanationRegulates product warranty guidelines.
#9
What is the main function of a consumer ombudsman?
To arbitrate disputes between consumers and businesses
ExplanationMediates disputes between consumers and businesses.
#10
What is the primary purpose of the Better Business Bureau (BBB)?
To provide information about businesses and resolve disputes
ExplanationProvides business information and resolves disputes.
#11
What is the purpose of a cooling-off period in consumer protection laws?
To allow consumers to cancel certain contracts within a specified time frame
ExplanationAllows consumers to cancel contracts within a set period.
#12
Which organization publishes the Consumer Reports magazine, providing reviews and ratings of consumer products?
Consumer Reports Inc. (CRI)
ExplanationConsumer Reports Inc. provides consumer product reviews.
#13
Which international organization provides guidelines and principles for consumer protection policies?
United Nations (UN)
ExplanationUN provides consumer protection guidelines.