Question

Why is there a need for rules and regulations to ensure protection for consumers?

• A. To punish the sellers who deal in unfair trade practices
• B. To protect sellers from getting exploited in various ways
• C. To protect the consumers who are exploited in various ways
• D. To reduce competition between sellers

Answer 1

The correct option is C To protect the consumers who are exploited in various ways

Consumers are exploited by the sellers through various unfair trade practices. Consumer protection should be ensured because of the following unfair trade practices:
1) Reducing the quantity but charging a higher price
2) Not disclosing information about the product
3) Selling defective device with no-return policy
4) Charging more than the MRP
5) Adulterating food and beverages
6) Passing false information