Professional Documents
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jhaabhishekb
(https://swayam.gov.in)
(https://swayam.gov.in/nc_details/IIMB)
Course outline
Week 8 : DIFFUSION AND ADOPTION OF NEW PRODUCTS & CONSUMER DECISION MAKING
Why Consumers Need Protection? / Consumer Guidance Society of India (CGSI) (unit?unit=75&lesson=76)
Summary : Why Consumers Need Protection? / Consumer Guidance Society of India (CGSI) (unit?unit=75&lesson=77)
Summary (unit?unit=75&lesson=81)
Prevention of frauds
Limiting monopoly
2) In order to safeguard the consumer interest, six consumer rights were initially envisioned by 1 point
consumer rights activists. One of the rights is that consumers have the right to know about
the price, quality, and quantity etc. of the products. This right is termed as ______. Fill in the
blank.
Right to choice
Right to redress
Right to safety
Right to information
Fraud
Mis-representation
Willful cheating
Malpractice
4) A Restrictive trade practice is a trade practice that prevents, distorts or restricts _________ 1 point
competition in any manner, or obstructs the flow of capital or resources into the stream of
production. Fill in the blank.
Traders
Manufacturers
Competition
5) Consumer Protection Act is an Act of the Parliament of India enacted in 1986 to protect the 1 point
interests of consumers in India. It makes provisions for the establishment of _______ and
other authorities for the settlement of consumers' disputes and for matters connected
therewith. Fill in the blank.
Consumer unions
Consumer councils
Consumer clubs
Consumer associations