wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Assertion (A): Markets work in a fair manner.
Reason (R): Consumer awareness is needed to avoid exploitation in the marketplace.

A
A is correct and R is the correct explanation of A.
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
A is correct but R is not the correct explanation of A.
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
A is correct but A contradicts R.
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
A is incorrect and A contradicts R.
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
Open in App
Solution

The correct option is D A is incorrect and A contradicts R.
Globalisation has increased the availability of a variety of products in the marketplace. Thus, unfair trade practices are bound to occur in the market. Consumers need to be well aware about consumer rights to avoid exploitation in the marketplace.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Consumer Education
SOCIAL SCIENCE
Watch in App
Join BYJU'S Learning Program
CrossIcon