alleryWhat does MRP stand for on a packet?
AMarket Rate Policy
BMinimum Rate of Purchase
CMaximum Retail Price
DManufacturer Retail Pay
Answer & Solution
Correct answer: C. Maximum Retail Price
MRP is the maximum retail price, the highest price at which a seller may sell the pack.
Keep practising Economic Development & Banking
Browse all Economic Development & Banking questions for CBSE Class 10, or explore more Social Science topics.
Related questions
What must every e-commerce entity display under the 2019 Act?Which authority was set up under the Consumer Protection Act, 2019?What is a mediator in consumer disputes?Which is a weakness of the consumer redressal process in India?Why is evidence hard to gather in many small purchases?Roughly how many consumer groups exist in India, per NCERT?Which of these goods must be certified before sale in India?For which product is certification mandatory for producers?