Resource Management And Consumer Issues - Study Mode

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[#146] If I have a dollar bill L95484272A and I give it to you, you have it and I do not. Either you or I can have it but not both of us. This is an example of 1. more mental value 2. allocative value

(A) Only 1

(B) Only 2

(C) Both 1 and 2

(D) None of these

Correct Answer

(B) Only 2

[#147] Which of the following commodities and services are needed by the family members throughout the proposed budget plan?

(A) Food and related costs

(B) Income tax

(C) Personal allowances

(D) All of these

Correct Answer

(D) All of these

[#148] Assertion (A) Work curve is an important tool for managing work force. Reason (R) Work curve helps to study the changes in output of work over a period of time.

(A) A is correct but R is incorrect

(B) A is incorrect and R is correct

(C) Both A and R are correct

(D) Both A and R are incorrect

Correct Answer

(C) Both A and R are correct

[#149] The District Forum shall have jurisdiction to entertain complaints, where the value of the goods or services and the compensation claimed does not exceed . . . . . . . . rupees.

(A) 50 lakhs

(B) 20 lakhs

(C) 10 lakhs

(D) 5 lakhs

Correct Answer

(B) 20 lakhs

[#150] A person shall be disqualified for appointment as a Member of the Consumer Dispute Redressal forum/commission, if he/she> 1. has been convicted and sentenced to imprisonment for an offence which involves moral turpitude. 2. is an undischarged insolvent. 3. is of unsound mind and stands so declared by a competent court. 4. has been removed or dismissed from the service of the government or a body corporate owned or controlled by the government. 5. has such financial or other interest as is likely to affect prejudicially, the discharge by him of his functions as a member

(A) 1 and 3

(B) 1, 2 and 4

(C) 2, 4 and 5

(D) All of these

Correct Answer

(D) All of these