41. Which of the following logos help consumers get assurance of quality while purchasing goods?
A. ISI
B. Agmark
C. Hallmark
D. All of the above
Answer:
Explanation:
42. In which year did the United Nations adopt the UN Guidelines for Consumer Protection?
A. 1975
B. 1980
C. 1985
D. 1995
Answer:
Explanation:
43. Two statements are given below. They are Assertion (A) and reason (R). Read both the option and choose the correction option.
Assertion (A): The World Trade Organisation (WTO) aims to liberalise international trade.
Reason (R): WTO establishes rules regarding international trade and ensures that these rules are followed.
A. Both A and R are true and R is the correct explanation of A.
B. Both A and R are true but R is not the correct explanation of A.
C. A is true but R is false.
D. A is false but R is true.
Answer:
Explanation:
44. Evaluate the impacts of opening foreign trade on the global economy by identifying appropriate statements among the following options:
i) The choice of goods in the markets increase.
ii) Producers from two countries closely compete against each other despite the distance between their locations.
iii) Foreign trade thus results in connecting the markets or integration of markets in different countries.
iv) The quality of the product is always good.
Options:
A. Statements (i) and (ii) are appropriate.
B. Statements (i), (ii) and (iii) are appropriate.
C. All the statements are appropriate.
D. Only statement (iv) is appropriate
Answer:
Explanation:
45. ______ refers to an agreement in which a lender provides the borrower with money, goods, or services in return for a promise of future payment.
A. Cheque
B. Deposit
C. Payment
D. Credit
Answer:
Explanation: