Target Exam

CUET

Subject

Business Studies

Chapter

Consumer Protection

Question:

Match List - I with List - II.

 List – I
(Legal protection for consumers)

 List - II
(Meaning)

 (A) The Bureau of Indian Standards Act

 (I) Applicable to goods which are sold by
weight, measure or number.

 (B) The Standards of Weights and Measures Act

 (II) Formulation of quality standards for
goods and their certification.

 (C) The Competition Act

 (III) To protect and promote the interests
of consumers.

 (D) The Consumer Protection Act

 (IV) The Act protects consumers from practices adopted
by businesses which hamper competition in the market.

Choose the correct answer from the options given below:

Options:

(A)-(II), (B)-(I), (C)-(IV), (D)-(III)

(A)-(I), (B)-(III), (C)-(II), (D)-(IV)

(A)-(I), (B)-(II), (C)-(IV), (D)-(III)

(A)-(III), (B)-(IV), (C)-(I), (D)-(II)

Correct Answer:

(A)-(II), (B)-(I), (C)-(IV), (D)-(III)

Explanation:

The correct answer is option 1- (A)-(II), (B)-(I), (C)-(IV), (D)-(III).

 List – I
(Legal protection for consumers)

 List - II
(Meaning)

 (A) The Bureau of Indian Standards Act

 (II) Formulation of quality standards for
goods and their certification. 

 (B) The Standards of Weights and Measures Act

 (I) Applicable to goods which are sold by
weight, measure or number.

 (C) The Competition Act

 (IV) The Act protects consumers from practices adopted
by businesses which hamper competition in the market. 

 (D) The Consumer Protection Act

 (III) To protect and promote the interests
of consumers.

 

(A) The Bureau of Indian Standards Act- (II) Formulation of quality standards for goods and their certification. 
The Bureau of Indian Standards (BIS) Act formulates standards to ensure quality, safety, and reliability. It certifies products through the ISI mark (a quality mark) and also promotes standardization and conformity assessment. It ensures consumers get safe and reliable products. It also helps Indian industries compete in international markets by maintaining global standards.

(B) The Standards of Weights and Measures Act- (I) Applicable to goods which are sold by weight, measure or number.
The Standards of Weights and Measures Act ensure accuracy in weights and measures used in trade and commerce. It regulates how goods are sold- by weight, measure, or number. It prevents cheating or fraud in the marketplace and requires standardized and verified weighing/measuring tools.

(C) The Competition Act- (IV) The Act protects consumers from practices adopted by businesses which hamper competition in the market.
The Competition Act, 2002 promote fair competition in the market and prevent monopolistic or unfair trade practices. It prohibits anti-competitive agreements and abuse of dominant position. It regulates mergers and acquisitions that could reduce market competition. It is enforced by the Competition Commission of India (CCI) and encourages healthy business practices, ensures better choices and prices for consumers, and supports innovation.

(D) The Consumer Protection Act- (III) To protect and promote the interests of consumers.
The Consumer Protection Act, 2019 protect consumer rights and provide a legal mechanism to address consumer grievances. It defines consumer rights (e.g., right to safety, right to be informed, right to redressal), sets up consumer courts at district, state, and national levels. Introduced e-filing of complaints and the Central Consumer Protection Authority (CCPA). This act empowers consumers to take legal action, ensures transparency, and holds companies accountable for defective products or unfair practices.