Chapter 5 COMMERCE : Consumer Protection Act & GST — Online MCQ Test
COMMERCE · CLASS 12 INTER II YEAR · Andhra State Board
Practice Chapter 5 COMMERCE : Consumer Protection Act & GST with a free chapter-wise online MCQ test.
This chapter covers: This chapter covers consumer rights and redressal mechanisms under Consumer Protection Act alongside Goods and Services Tax framework.
AI-generated questions from basic to board-exam level, with instant results and explanations.
Chapter 5 COMMERCE : Consumer Protection Act & GST — Important Questions & Answers
Which year was the Consumer Protection Act originally enacted in India?
- A. 1986
- B. 1991
- C. 2005
- D. 2019
Answer: A. 1986
The Consumer Protection Act was first enacted in the year 1986 to protect the interests of consumers.
The Consumer Protection Act was first enacted in the year 1986 to protect the interests of consumers.
GST stands for which of the following?
- A. Goods and Sales Tax
- B. Goods and Services Tax
- C. Government Sales Tax
- D. Global Services Tax
Answer: B. Goods and Services Tax
GST is an indirect tax system known as the Goods and Services Tax introduced in India.
GST is an indirect tax system known as the Goods and Services Tax introduced in India.
A consumer files a complaint for a claim of 40 lakhs. To which authority should they approach?
- A. District Commission
- B. State Commission
- C. National Commission
- D. Supreme Court
Answer: A. District Commission
The District Commission handles consumer disputes where the value of goods or services does not exceed one crore rupees.
The District Commission handles consumer disputes where the value of goods or services does not exceed one crore rupees.
If a consumer is dissatisfied with a decision of the State Commission, they can appeal to which authority?
- A. District Commission
- B. High Court
- C. National Commission
- D. Supreme Court
Answer: C. National Commission
Appeals against orders of the State Commission are filed before the National Consumer Disputes Redressal Commission.
Appeals against orders of the State Commission are filed before the National Consumer Disputes Redressal Commission.
Consider two claims: (1) GST is a destination-based tax. (2) GST is an origin-based tax. Which is correct?
- A. Only 1
- B. Only 2
- C. Both 1 and 2
- D. Neither
Answer: A. Only 1
GST is a destination-based tax, meaning tax revenue accrues to the state where the goods or services are consumed.
GST is a destination-based tax, meaning tax revenue accrues to the state where the goods or services are consumed.