Identify from the following phrase which means "Let the buyer beware"? Option 1: Caveat emptor Option 2: Caveat venditor Option 3: Caveat vendor Option 4: Consumer emptor

The answer is 'Caveat emptor'. View full solution:

CUET Business Studies - Identify from the following phrase which means "Let the buyer beware"? | PYQs + Solutions

CUET Business Studies 2022 15 July Shift 2

Business Studies

Easy

Caveat emptor

Caveat venditor

Caveat vendor

Consumer emptor

✅ Correct Option: 1

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Sugandha has to buy a diamond studded gold ring for her fiance Harmeet. Which quality mark she should check?

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Match List-I with List-II

List-I	List-II
Consumer Right	Description
(A) Right to be informed	(I) Freedom to access a variety of products at competitive prices.
(B) Right to consumer education	(II) Right to know everything about the product such as price, ingredients etc.
(C) Right to choose/be assured	(III) Right to get relief against unfair trade practices.
(D) Right to seek redressal	(IV) Right to acquire knowledge and to be a well-informed consumer.

Choose the correct answer from the options given below:

22 June Shift 1

Ashok went to a shop to buy a tooth paste. The shopkeeper showed him different varities of toothpaste available in his shop. Ashok took one of them but had an allergy after using it. He later on checked that the product had crossed its expiry date. Which responsibility has Ashok ignored as a customer?

CUET Business Studies 2022 15 July Shift 2 PYQs

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