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⁞ Economics : Understanding Economic Development

NCERT Books ➤ Class 10 ➤

Class 10 Economics : Understanding Economic Development Chapter 5. Consumer Rights Summary, Explanation, Question Answers (NCERT Solutions)

Consumer Rights (5. Consumer Rights) CBSE class 10 Economics : Understanding Economic Development Chapter 5. Consumer Rights summary with detailed explanation of the lesson Consumer Rights along with meanings of difficult words. Given here is the complete explanation of the lesson, along with summary, explanation and questions and answers of each topic of lesson 5. Consumer Rights.

Economics : Understanding Economic Development (Chapter 5. Consumer Rights) Solution
 Exercises

1. Why are rules and regulations required in the marketplace? Illustrate with a few examples.

Answer :


Rules and regulations are required in the marketplace to protect consumers. Sellers often abdicate responsibility for a low-quality product, cheat in weighing out goods, add extra charges over the retail price, and sell adulterated/ defective goods. Hence, rules and regulations are needed to protect the scattered buyers from powerful and fewer producers who monopolise markets. For example, a grocery shop owner might sell expired products, and then blame the customer for not checking the date of expiry before buying the items.


All Questions of Economics : Understanding Economic Development Chapter 5. Consumer Rights
Exercises
1. Why are rules and regulations required in the marketplace? Illustrate with a few examples.
2. What factors gave birth to the consumer movement in India? Trace its evolution.
3. Explain the need for consumer consciousness by giving two examples.
4. Mention a few factors which cause exploitation of consumers.
5. What is the rationale behind the enactment of Consumer Protection Act 1986?
6. Describe some of your duties as consumers if you visit a shopping complex in your locality.
7. Suppose you buy a bottle of honey and a biscuit packet. Which logo or mark you will have to look for and why?
8. What legal measures were taken by the government to empower the consumers in India?
9. Mention some of the rights of consumers and write a few sentences on each.
10. By what means can the consumers express their solidarity?
11. Critically examine the progress of consumer movement in India.
12. Match the following.
(i) Availing details of ingredients of a product (a) Right to safety
(ii) Agmark (b) Dealing with consumer cases
(iii) Accident due to faulty engine in a scooter (c) Certification of edible oil and cereals
(iv) District Consumer Court (d) Agency that develops standards for goods and services
(v) Consumers International (e) Right to information
(vi) Bureau of Indian Standards (f) Global level institution of consumer welfare organisations
13. Say True or False.
(i) COPRA applies only to goods.
(ii) India is one of the many countries in the world which has exclusive courts for consumer redressal.
(iii) When a consumer feels that he has been exploited, he must file a case in the District Consumer Court.
(iv) It is worthwhile to move to consumer courts only if the damages incurred are of high value.
(v) Hallmark is the certification maintained for standardisation of jewellry.
(vi) The consumer redressal process is very simple and quick.
(vii) A consumer has the right to get compensation depending on the degree of the damage.

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