NCERT Solution
Class 10
Social Science - Understanding Economic Development
Consumer Rights
why are rules and regulations required in the mark...

Question:
Why are rules and regulations required in the marketplace? Illustrate with a few examples.

Answer:

Rules and regulations are required in the marketplace to protect consumers from exploitation. Seller tries to shift all the responsibility on to the buyer. Whenever, a consumer complains against the goods or services for the bad quality or
quality sellers deny of any fraud and try to shifts all the responsibility on to the buyers. The seller tend to hold no responsibility for the goods once sold. For example, a grocery shop owner might sell expired products and then blame the customer for not checking the date of expiry before buying the items. Hence, rules and regulations are needed to safeguard the interest and rights of consumers in the marketplace.

1
0
0
Report?

Report a problem on Specifications:

Email id:

Comments

< Previous Question

Next Question >

SELECT ex_no,question,question_no,id,chapter FROM question_mgmt as q WHERE courseId='9' AND subId='46' AND ex_no!=0 AND status=1 and id!=10677 ORDER BY views desc, last_viewed_on desc limit 0,10

Popular questions of class 10 Social Science - Understanding Economic Development

The following table shows the proportion of adults (aged 15-49 years) whose BMI
is below normal (BMI <18.5 kg/m2) in India. It is based on a survey of various
states for the year 2015-16. Look at the table and answer the following questions.

(i) Compare the nutritional level of people in Kerala and Madhya Pradesh.
(ii) Can you guess why around one-fifth of people in the country are undernourished even though it is argued that there is enough food in the country? Describe in your own words.

Explain how public sector contributes to the economic development of a nation.

Workers are exploited in the unorganised sector. Do you agree with this view? Give reasons in support of your answer.

Why is the issue of sustainability important for development?

For each of the sectors that we came across in this chapter why should one focus on employment and GDP? Could there be other issues which should be examined? Discuss.

“Tertiary sector is not playing any significant role in the development of Indian
economy.” Do you agree? Give reasons in support of your answer.

For each of the items given in Table 1.6, find out which country is at the top and
which is at the bottom.

Critically examine the progress of the consumer movement in India?

Distinguish between open unemployment and disguised unemployment.

Analyse the role of credit for development.

SELECT ex_no,question,question_no,id,chapter FROM question_mgmt as q WHERE courseId='9' AND subId='46' AND ex_no!=0 AND status=1 and id!=10677 ORDER BY last_viewed_on desc limit 0,10

Recently Viewed Questions of Class 10 Social Science - Understanding Economic Development

Distinguish between open unemployment and disguised unemployment.

Globalisation will continue in the future. Can you imagine what the world would be like twenty years from now? Give reasons for your answer.

How has liberalisation of trade and investment policies helped the globalisation process?

Kerala, with lower per capita income has a better human development ranking
than Haryana. Hence, per capita income is not a useful criterion at all and should
not be used to compare states. Do you agree? Discuss.

Why do developed countries want developing countries to liberalise their trade and investment? What do you think should the developing countries demand in return?

Explain how public sector contributes to the economic development of a nation.

Fill in the blanks.
Indian buyers have a greater choice of goods than they did two decades back. This is closely associated with the process of ______________. Markets in India are selling goods produced in many other countries. This means there is increasing ______________ with other countries. Moreover, the rising number of brands that we see in the markets might be produced by MNCs in India. MNCs are investing in India because _____________. While consumers have more choices in the market, the effect of rising _______________ and ______________has meant greater ________________among the producers.

Mention a few factors which cause the exploitation of consumers.

What is the main criterion used by the World Bank in classifying different countries? What are the limitations of this criterion, if any?

The workers in the unorganised sector need protection on the following issues :
wages, safety and health. Explain with examples.

Question:
Why are rules and regulations required in the marketplace? Illustrate with a few examples.

< Previous Question

Next Question >

Popular questions of class 10 Social Science - Understanding Economic Development

Recently Viewed Questions of Class 10 Social Science - Understanding Economic Development

Comments

Comment(s) on this Question

NCERT Solutions

Quick Links

Resources

Support

Question: Why are rules and regulations required in the marketplace? Illustrate with a few examples.

< Previous Question

Next Question >

Popular questions of class 10 Social Science - Understanding Economic Development

Recently Viewed Questions of Class 10 Social Science - Understanding Economic Development

Comments

Comment(s) on this Question

NCERT Solutions

Quick Links

Resources

Support

Question:
Why are rules and regulations required in the marketplace? Illustrate with a few examples.