Start learning →

MRP printed on a packet stands for:

AMinimum retail price
BMarket rate price
CMean retail price
DMaximum retail price
Answer & Solution
Correct answer: D. Maximum retail price
1. Selling above it can be challenged. 2. MRP is the maximum retail price. 3. Consumers can bargain below it. _Source: syllabus Understanding Economic Development, Chapter 5, Consumer Rights._
Practise this question with Quill — UPSC CSE →

Keep practising Indian Economy

Browse all Indian Economy questions for UPSC CSE, or explore more Economics topics.

Start a Indian Economy lesson →
Related questions
Consumer rights bingoType the numberSort laws, courts and marksRight or markSlice the consumer wordsRun the consumer timelinePop the quality marksCatch the consumer rights