Question : Consumers are educated that they should use electrical appliances with appropriate marks. What is the name of that mark?
Option 1: ISI
Option 2: FPO
Option 3: FSSI
Option 4: Any of the above
Correct Answer: ISI
Solution : Consumers are entitled to protection against goods and services. In order to ensure that their purchases satisfy quality standards, buyers are advised to only use electrical equipment that bears the ISI brand. Hence, the correct option is 1.
Question : Marshall established the law of Equimarginal Utility:
Option 1: Related to money
Option 2: Related to goods
Option 3: Both of the above
Option 4: All of the above
Question : Statement 1: The Consumer Protection Act provides consumers with the right to information.
Statement 2: It ensures that consumers have access to accurate information about products and services.
Option 1: Both statement 1 and statement 2 are true.
Option 2: Statement 1 is true, but statement 2 is false.
Option 3: Statement 1 is false, but statement 2 is true.
Option 4: Both statement 1 and statement 2 are false.
Question : Directions: In the following question, some parts of the sentence may have some errors. Find out which part of the sentence has an error and select the appropriate option. If the sentence is free from error, select "No Error".
She was annoyed (1) / when she found that (2) / the chewing gum was stuck to her hair. (3) / No Error (4)
Option 1: (1)
Option 2: (2)
Option 3: (3)
Option 4: (4)
Question : When does a company need a valuation of its shares:
Option 1: Admission of New Partner
Option 2: Dissolution of the company
Option 3: At the Time of merger
Option 4: None of the Above
Question : Select the most appropriate word for the given group of words. One appointed to act in place of another
Option 1: Deputy
Option 2: Minister
Option 3: Officer
Option 4: Delegate
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