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BUSINESS STUDIES
Consumer Protection
Choose the correct meaning of ‘Caveat Emptor’.
Question
Choose the correct meaning of ‘Caveat Emptor’.
A.
Let the seller beware
B.
Let the intermediary beware
C.
Let the buyer beware
D.
Let the exploiter beware
Solution
Correct option is C
Correct meaning of ‘Caveat Emptor’ is Let the buyer beware.
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Similar Questions
1)
If any of the parties are not satisfied by the order of _________________, they can appeal against such order to the State Commission on the grounds of facts or law within a period of forty-five days from the date of order.
2)
Identify the importance of consumer in the following lines — "Business organisations make money by selling goods and providing services to consumers. Thus, consumers form an important group among the many stakeholders of business and like other stakeholders, their interest has to be well taken care of. "
3)
Identify the Consumer Right –"The consumer has the freedom to access variety of products at Competitive prices. This implies that the marketers should offer a wide variety of products in terms of quality, brand, prices, size, etc."
4)
The Consumer Protection Act, 2019 has replaced the:
5)
Approach of 'Caveat Emptor' means:
6)
Which of the following statements are correct?
(A) Consumer Protection Act 2019, provides five rights to consumers
(B) Consumer Protection Act 2019, provides six rights to consumers
(C) A consumer has right to be a well-informed consumer under right to be informed
(D) Under ‘right to be assured’ a consumer has the freedom to access variety of products
(E) A consumer has right to be a well-informed consumer under right to consumer education
Choose the
correct
answer from the options given below:
7)
As a consumer, which mark should you look for, while buying any electrical goods?
8)
Match List I with List II
Choose the correct answer from the options given below:
9)
Identify which of the following is not Redressal Agency under the Consumer Protection Act.
10)
If any of the parties are not satisfied by the order of _________________, they can appeal against such order to the State Commission on the grounds of facts or law within a period of forty-five days from the date of order.
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