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Answer the Following Questions What Do You Mean by Consumer Protection? Explain Its Importance - Organisation of Commerce and Management

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प्रश्न

Answer the following question.
What do you mean by Consumer protection? Explain its importance.

संक्षेप में उत्तर

उत्तर

Consumer protection refers to making consumers aware of their rights and responsibilities and helping them in seeking redressal for their grievances and complaints. Consumer protection is of prime importance to both consumers and businesses. The following points highlight the significance of consumer protection:
i. Consumer ignorance - Consumers, at large, are ignorant of their rights and responsibilities and various redressal mechanisms available to them. Therefore, it is important to educate them and make them aware of the same for their welfare.
ii. Consumer exploitation - Consumers often face exploitation in the form of unfair trade practices such as black marketing, hoarding and adulteration. Therefore, they should be made aware of various means by which they can protect themselves against such forms of exploitation.
iii. Unorganised consumer groups - To protect their interests, consumers should create consumer groups and set up organisations that work towards their welfare and protection.
iv. Lack of information - In the seller dominant market, the consumer fails to obtain correct and reliable information about the products and services available in the market. This enhances the probability of consumer exploitation and thus increases the need for consumer awareness.
v. General tendency of consumers - Generally, consumers go for products that are available at cheap rates or discounts. This increases the chance of their exploitation.

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अध्याय 5: Consumer Protection - Answer the following question [पृष्ठ १३९]

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मायकल वाझ Organisation of Commerce and Management (OCM) [English] 12 Standard HSC Maharashtra State Board
अध्याय 5 Consumer Protection
Answer the following question | Q 1 | पृष्ठ १३९

संबंधित प्रश्न

 State the ways and means of consumer protection.


Suman bought a box of cheese of a reputed brand from a local shopkeeper. On opening the box she found a piece of stone in the cheese. She reported the matter to the shopkeeper who forwarded her complaint to the concerned company. Within a week the representative of the company visited Suman's residence with an apology and as a replacement offered her a new cheese pack with four other varieties of cheese as compensation for the inconvenience to her.

State the consumer right which Suman exercised.


On Sonika's birthday her mother gave her a pair of gold earrings. After one month Sonika observed that the ear-rings are losing their shine. She checked the mark on the earrings and found that it was not a proper Hallmark and her mother had been cheated by the shopkeeper. So, she finds a complaint in the district forum which rejected it. Not satisfied by the decision of district forum, she was very much disturbed and after two months decided to appeal further.

Can Sonika appeal against the decision of the district forum? Give reason in support of your answer.


Explain any two points of importance of 'consumer protection' from the point of view of business and any two points from the point of view of consumers.


Under which consumer right does a business firm set up consumer grievance cell?


What are various ways in which the objective of consumer protection can be achieved?


Select the proper option from the options given below and rewrite the complete sentence:
Under the consumer Protection Act, 1986, there is a________ quasi judicial consumer dispute redressal machinery for solving
the complaints of the consumers.


State with reasons whether the following statement is True or False.
The consumer protection act was passed in the interest of the sellers.


State with reasons whether the following statement  True or False.
The Government alone is fighting for consumer protection.


 Match the correct pairs :

Group 'A' Group 'B'
a. Private Company 1. Minimum 7 members
b. Overdraft 2. Saving Account
c. ATM 3. 1996
d. Consumer Protection Act 4. Electronic Business
e. Controlling 5. Current Account
  6. Maximum 50 members
  7. Automatic Teller Machine
  8. 1986
  9. Individual Taste
  10. To take corrective action

Consumer Responsibility?


Which of the following Will not be considered as consumers as per Consumer Protection Act, 2019?


Briefly describe any two Consumer Aids.


Which one of the following methods of payment does not cause a deduction in the bank balance at the time of transaction?


Discuss any four problems faced by consumers while buying products from the market.


Raman made a bank transaction to purchase a shirt, but immediate deduction was not made from his bank account. 

Which method of banking did Raman use?


Meena wants to deposit her surplus money in the bank for a higher rate of interest. Keeping in view Meena’s requirement, suggest the type of bank account she should open. Mention any one feature of the account suggested by you. 


While purchasing groceries in the local market, Radha realises that the same item is priced differently in every shop.

In the above context, explain the causes of price variation faced by Radha.


Assertion: Crossed cheque is one in which two parallel lines are drawn on the upper left side of the cheque. 

Reason: This cheque cannot be encashed. It can only be deposited in the account of the drawee.


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