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UI Post-UTME Commerce 2025 (Model questions) Question 21

Question 21

Consumer Protection

The following are associated with consumer protection in Nigeria:
I. Consumer Protection Council (CPC) was established to protect consumers
II. NAFDAC regulates food, drugs, and cosmetics
III. Standards Organisation of Nigeria (SON) sets product quality standards
IV. The Central Bank of Nigeria protects consumers from all product fraud

  1. A.I and IV only
  2. B.I, II and III only
  3. C.II, III and IV only
  4. D.All of the above
Show the answer and explanation

Answer: B (I, II and III only)

Explanation

CPC, NAFDAC and SON protect consumers; the CBN regulates banks and money, not product fraud.