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AP Intermediate 2nd Year Marketing Management & Consumer Protection — practice questions

Explore 17 free Marketing Management & Consumer Protection questions in AP Intermediate 2nd Year Business Studies. Open each question or exercise to read its content, reference answers and available explanation.

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Marketing Management & Consumer Protection questions and exercises with answers

Showing questions 1–17 of 17.

The earlier market approach of caveat emptor was replaced by which approach?Read the answer and worked solution →Charging more than the Maximum Retail Price on a packed item is called what?Read the answer and worked solution →Which of these describes the sale of counterfeit goods?Read the answer and worked solution →Falsely claiming superior quality or grade for a product in an advert is which malpractice?Read the answer and worked solution →The Consumer Protection Act 2019 replaced which earlier consumer law?Read the answer and worked solution →In which year did the Consumer Protection Act 2019 come into effect?Read the answer and worked solution →Which President gave assent to the Consumer Protection Bill in August 2019?Read the answer and worked solution →Which Union minister introduced the 2019 consumer bill in the Lok Sabha?Read the answer and worked solution →On which date did the Rajya Sabha pass the Consumer Protection Bill 2019?Read the answer and worked solution →What must every e-commerce entity display under the 2019 Act?Read the answer and worked solution →What is the job of the Consumer Protection Councils?Read the answer and worked solution →The 2019 Act applies to transactions of which kind?Read the answer and worked solution →How many consumer rights does the Consumer Protection Act 2019 provide for?Read the answer and worked solution →Buying ISI marked electrical appliances protects which consumer right?Read the answer and worked solution →Printing ingredients and manufacture date on a pack upholds which right?Read the answer and worked solution →Access to a variety of products at competitive prices is which right?Read the answer and worked solution →A firm setting up its own grievance cell supports which consumer right?Read the answer and worked solution →

Worked practice questions

The earlier market approach of caveat emptor was replaced by which approach?

  1. Caveat venditor
  2. Quid pro quo
  3. Caveat lector
  4. Ultra vires
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Correct answer: A. Caveat venditor

Markets moved from a seller market to a consumer market, so Let the buyer beware gave way to caveat venditor, Let the seller beware.

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Charging more than the Maximum Retail Price on a packed item is called what?

  1. Counterfeiting
  2. Teleshopping
  3. Hoarding stock
  4. Overcharging
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Correct answer: D. Overcharging

Overcharging is charging a product above its Maximum Retail Price, an exploitation consumers are protected against.

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Which of these describes the sale of counterfeit goods?

  1. Passing off a cheaper product as real
  2. Selling goods after expiry date
  3. Selling goods via a web store
  4. Selling goods with no cash memo
Show answer and solution

Correct answer: A. Passing off a cheaper product as real

Counterfeit goods imitate a genuine product but have lesser value than the real thing.

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More Business Studies topics

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