Q. What is the full form of MRP?
a) Minimum retail price
b) Minimum rebate price
c) Maximum rebate price
d) Maximum retail price
Top Answer
Solution
✔ d) Maximum retail price
Explanation:
> The Maximum Retail Price (MRP) is the highest price of a product can be sold in India, including all taxes.
> MRP must be printed on all packaged goods.
> Consumers can bargain with the seller to sell at less than the MRP or ask for discounts on MRP, but overcharging is illegal.
Consumers can complain if someone sells a good at more than the printed price on the packet.
Related Links
- Why did Lencho write a letter to God?
- What was the only hope of Lencho?
- Where was Lencho’s house located?
- Why did Lencho say the raindrops were like “new coins’?
- What made Lencho angry?
- What is the theme of story A Letter to God?
- Who is the Poet of A letter to god
- What is the full form of MRP?
- Which logo is used for the standardization of agricultural products?
- Who wrote Romeo and Juliet?
- What is the capital of France?
- Why did Lencho write a letter to God?
- What is the squirrel’s opinion about itself?
- What was the only hope of Lencho?
- Where was Lencho’s house located?
- Why did Lencho say the raindrops were like “new coins’?
- What made Lencho angry?
- Name the metal which does not react with oxygen even at high temperature.
- What is the theme of story A Letter to God?
