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AP Intermediate 2nd Year Commercial Studies — practice by topic

Browse 2 questions across 1 Commercial Studies topics. Choose what you want to revise, then open a question to check its answer and worked solution.

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Commercial Studies topics

Stakeholders & Consumer Protection (2)

Try a Commercial Studies question

Under the Consumer Protection Act 2019, a 'consumer' does NOT include a person whoRead the answer and worked solution →A 'right to safety' for consumers protects againstRead the answer and worked solution →

Worked practice questions

Under the Consumer Protection Act 2019, a 'consumer' does NOT include a person who

  1. Buys goods for personal use
  2. Hires services for personal use
  3. Buys goods for resale or commercial purposes
  4. Uses goods with permission of the buyer
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Correct answer: C. Buys goods for resale or commercial purposes

1. The Act protects end-users; not those buying for re-sale or commercial purpose. 2. Personal-use buyers, service users and permitted users are explicitly included. 3. Buying for commerce takes the person out of the consumer definition. 4. Hence (B) is NOT a consumer. _Source: Maharashtra Balbharati Std XII OCM, Ch 8 "Consumer Protection", §8.1 ¶§8.1_

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A 'right to safety' for consumers protects against

  1. High prices (typical) (typical)
  2. Goods hazardous to life or property
  3. Tax disputes (typical) (typical)
  4. Salary delay (typical) (typical)
Show answer and solution

Correct answer: B. Goods hazardous to life or property

1. Right to Safety guards consumers from products that endanger life or property. 2. Examples include food, drugs, electronics and toys held to safety standards. 3. High prices, tax disputes and salary issues are addressed by other laws. 4. Hence (A) is correct. _Source: Maharashtra Balbharati Std XII OCM, Ch 8 "Consumer Protection", §8.2 ¶§8.2_

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