ECONOMICS (CBSE/UGC NET)

ECONOMICS

CONSUMERS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
A company being sued by its consumers for false advertising and losing is an example of what consumer right?
A
Right to safety
B
Right to be informed
C
Right to a healthy environment
D
Right to satisfaction of needs
Explanation: 

Detailed explanation-1: -The Right to Redress This means that consumers have the right to receive a fair settlement of just claims, including compensation for misrepresentation, shoddy goods or unsatisfactory services.

Detailed explanation-2: -Right to be informed as a consumer right. Right to be informed is one of the most important consumer rights. This means that all details regarding the quality, price, quantity, ingredients/contents, side effects, purity and potency must be provided or made available to the customer.

Detailed explanation-3: -For instance, when you go to a dairy shop and make a purchase of 80 rupees, the shopkeeper insists you buy something worth rupees 20 so as to reach a mark of 100. This constant and indirect pressure to buy something more comes under the violation of ‘right to choose’.

Detailed explanation-4: -According to Article 25(1) UDHR, ‘everyone has the right to a standard of living adequate for the health and well-being of himself and his family’. This provision sets out some of the elements of this right: a) food; b) clothing; c) housing; d) medical care; and e) necessary social services.

There is 1 question to complete.