Question : -----is nothing more than consumers' willingness to buy goods and services according to their preferences, needs, and budget.

Option 1: The behavior of a consumer

Option 2: Consumer interest

Option 3: Consumer perception

Option 4: Consumer attitude

Question : Attribution theory is primarily concerned with:

Option 1: How people explain their own behavior

Option 2: How people explain the behavior of others

Option 3: How people attribute success to their own efforts

Option 4: How people attribute failure to external factors

Question : Consumer need to be organised in the form of consumer organisations which would take care of their interest. Which importance of consumer protection is highlighted in the given statement?

Option 1: Consumer ignorance 

Option 2: Unorganised consumers

Option 3: Widespread exploitation of consumer

Option 4: None of the above

Question : Statement 1: The Consumer Protection Act aims to protect consumers from unfair trade practices.

Statement 2: It encourages consumers to be vigilant and assertive while making purchases.

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 : Statement 1: The Consumer Protection Act aims to protect consumers from unfair trade practices.

Statement 2: It encourages consumers to be vigilant and assertive while making purchases.

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.