Consumer Awareness MCQs
- Which of the following is an example of a consumer right?
- Which government agency is responsible for protecting consumers' interests in the United States?
- What is the purpose of a product warranty?
- Which of the following is an example of false advertising?
- What is the purpose of the Better Business Bureau (BBB)?
- Which of the following actions can help protect consumers from identity theft?
- Which type of insurance protects consumers from financial loss due to damage or theft of their property?
- What does the "expiration date" on a food product indicate?
- Which government agency oversees the safety of food and drugs in the United States?
- Which of the following is a red flag indicating a potential scam?
- What is the purpose of reading product reviews before making a purchase?
- Which agency regulates and enforces consumer protection laws in the European Union?
- Which of the following is a responsible consumer behavior?
- Which organization provides free annual credit reports to consumers in the United States?
- Which of the following is an example of a pyramid scheme?
Right to fair treatment
Right to unlimited credit
Right to free products
Central Intelligence Agency (CIA)
Federal Bureau of Investigation (FBI)
Federal Trade Commission (FTC)
To guarantee the quality of the product
To protect the seller from legal action
To limit the consumer's rights
Exaggerating the benefits of a product
Providing accurate information about a product
Offering discounts on a product
To conduct market research on consumer behavior
To promote fair business practices and resolve disputes
To provide consumers with financial assistance
Using the same password for multiple online accounts
Sharing personal information on social media
Keeping personal information confidential
Life insurance
Home insurance
Health insurance
The date on which the product was manufactured
The date when the product will be discounted
The date after which the product is no longer safe to consume
Food and Drug Administration (FDA)
Federal Communications Commission (FCC)
Environmental Protection Agency (EPA)
A company promising high returns with low risk
A company asking for payment via secure methods
A company providing a physical address and contact information
To waste time and gather irrelevant information
To assess the quality and reliability of the product
To compare prices of different products
European Consumer Centre (ECC)
Federal Reserve System (FRS)
European Central Bank (ECB)
Ignoring product labels and warnings
Making impulsive purchases without considering the budget
Regularly reviewing bank statements and credit card bills
Consumer Financial Protection Bureau (CFPB)
Federal Reserve System (FRS)
AnnualCreditReport.com
Promising high returns for recruiting new members without a tangible product or service
Participating in a legitimate multi-level marketing company
Investing in a diversified mutual fund