Question

Consumer being the king of the market does not have any responsibilities.

Answer 1

Ans. False

Reasons:

(1) In modern economy consumer is the king of the market.

(2) He has to be a responsible consumer to enforce his right.

(3) He must play an active role in consumer protection and must take up responsibilities.

(4) A consumer has the responsibility to act against the manufacturer or seller if any injustice is done.

(5) It is his responsibility to see that manufacturing activities do not affect environment adversely.