MCQ Questions for Class 10 Economics: Ch 5 Consumer Rights. So remember, if any business fails to protect your privacy or identity, or they are untruthful or deceitful, they are most likely in violation of your Consumer Protection rights. Chapter-5 Consumer Rights, The following page provides you NCERT book solutions for class 10 social science, social science class 10 notes in pdf are also available in the related links between the text. These are just a few of the provisions relating to consumer financial rights. 6.The Right to Service – This right ensures that better services are provided to the consumes. Consumer awareness is important so that buyer can take the right decision and make the right choice. Consumers are safeguarded by a set of globally recognized protections known as the Consumer Bill of Rights. Introduced by President John F. Kennedy, these rights laid the foundation for consumerism and legislation that shield consumers from corporate abuse. These laws are designed to hold sellers of goods and services accountable when they seek to profit by taking advantage of a consumer's lack of information or bargaining power. Consumer Protection law focuses mainly on two core goals: To protect consumer’s privacy and identity. 5.The Right to Education- This right ensures that consumers are educated to make better marketplace decisions at all times. The main rights of consumers are as follows: 1. Consumers are entitled to healthy and safe products. To learn more about your credit and consumer rights, read about the Federal Trade Commission, or visit their website. The process in which the quality of a food substance is lowered through the addition of another substance is called: (a) mixing two substances (b) adulteration (c) sub-standard quality (d) all the above (b) adulteration. On March 15, 1962, President John F. Kennedy presented a speech to the United States Congress in which he extolled four basic consumer rights, later called the Consumer Bill of Rights.The United Nations through the United Nations Guidelines for Consumer Protection expanded these into eight rights, and thereafter Consumers International adopted these rights as a charter and started … Consumer Awareness is an act of making sure the buyer or consumer is aware of the information about products, goods, services, and consumers rights. Other Consumer Protections. What is Consumer Protection? For example, spurious and substandard drugs; appliances made of low quality raw material, such as, electric […] Ans. CHAPTER-5 Consumer Rights THE CONSUMER IN THE MARKETPLACE VERY SHORT ANSWERS:- 1. To protect consumers from unfair or deceitful actions. ADVERTISEMENTS: Consumers’ rights under section-6 of the consumer protection act are as follows: (1) Right to Safety: ADVERTISEMENTS: A consumer has the right to safety against such goods and services as are hazardous to his health, life and property. Food additives and colours, dangerous toys, flammable fabrics, unsafe appliances are examples of such goods. Consumer rights and consumer protection law provides a way for individuals to fight back against abusive business practices. 1. 2. Right to safety: Consumers have the right to be protected against the marketing of goods which are hazardous to life and health. The concept of consumer rights includes consumer protection and also provides a legal protection of consumer interests. Consumers have the right to information, right to choose, right to safety. The Consumer Credit Protection Act, for example, deals with credit reports and other aspects of debt and credit. Consumer Protection refers to protect the consumers… The Consumer Bill of Rights pushed for by John F. Kennedy established four basic rights; the right to safety, the right to be informed, the right to choose, and the right to be heard.