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CP
Question Practice

Why is consumer awareness important in a market economy?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 12
Business Studies
Business Studies - II
Consumer Protection
Question Bank

Why is consumer awareness impo...

Single Answer MCQ
Q-00092984

Why is consumer awareness important in a market economy?

1

It allows sellers to dictate prices freely

2

It fosters blind trust in businesses

3

It empowers consumers to make informed choices

4

It decreases competition among businesses

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Q1.

What is the primary aim of consumer protection?

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Q2.

Which of the following is NOT a consumer right under the Consumer Protection Act?

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Q3.

How does consumer protection benefit businesses?

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Q4.

What legal framework governs consumer protection in India?

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