Whats Your Consumer IQ

15 Questions | Total Attempts: 82

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IQ Quizzes & Trivia

Questions and Answers
  • 1. 
    Where can you find the cheapest products on supermarket shelves?
    • A. 

      Eye Level

    • B. 

      Top of Bottom of Shelf

    • C. 

      In the sale case at the end of each aisle.

    • D. 

      Back of Shelf

  • 2. 
    You receive a phone call from someone representing a charitable organization you havenot heard of. The caller asks you to support what sounds like a worthy cause and he saysyour help is needed immediately. He asks you to donate right away by credit card. Youshould:
    • A. 

      Give him your credit card number but ask him to mail an annual report.

    • B. 

      Agree to donate but only if you can pay by check.

    • C. 

      Listen to him

    • D. 

      Refuse

  • 3. 
    After you sign a contract, including a contract to buy a car, you have three days tocancel if you change your mind.
    • A. 

      True

    • B. 

      False

  • 4. 
    You are ordering furniture and the store requires a 50 percent deposit. What is thesafest way to pay?
    • A. 

      Check

    • B. 

      Cash

    • C. 

      Credit Card

    • D. 

      Lay By

  • 5. 
    You have to outstanding debts whta should you do?
    • A. 

      Pay both of them gradually

    • B. 

      Focus on one loan then on another

    • C. 

      Borrow money to pay it back

    • D. 

      Declare Bankrupt

  • 6. 
    How much shoudl you save of your income?
    • A. 

      100%-expenses

    • B. 

      70%-expenses

    • C. 

      50%-expenses

    • D. 

      0

  • 7. 
    What is the best brand?
    • A. 

      Home Brand

    • B. 

      Premium

    • C. 

      Cole Smart Buys

    • D. 

      Hi-roller Brand

  • 8. 
    You buy a computer and a week later it malfunctions. The computer store says it onlyaccepts returns within five days of the sale, and that you’ll have to deal with themanufacturer. Is the store correct?
    • A. 

      No. If an item is defective, the store must give you a replacement or refund regardless of its return policy.

    • B. 

      Yes, if the item is under a manufacturer’s warranty.

    • C. 

      Yes, if the store’s return policy is clearly posted or printed on the sales receipt.

    • D. 

      Not sure

  • 9. 
    Who looks after consumer safety?
    • A. 

      CIA

    • B. 

      CSI

    • C. 

      ACA

    • D. 

      MI6

    • E. 

      IAC

  • 10. 
    Vincent is a bit slow and is not sure whether he should keep borrowing money to pay back loans what should he do?
    • A. 

      He should start saving to pay the bank back

    • B. 

      He should keep borrowing

    • C. 

      Borrow money from a friend

    • D. 

      He should declare bankrupt

  • 11. 
    Is borrowing as much money as you can and then declaring bankrupt a good idea?
    • A. 

      True

    • B. 

      False

  • 12. 
    What is a better way of transport?
    • A. 

      Company Car

    • B. 

      Own transport

    • C. 

      Public Transport

  • 13. 
    What is the best way to save money?
    • A. 

      Borrowing money

    • B. 

      Save and only buy necessaries

    • C. 

      Buying whatever you want

  • 14. 
    What is a  budget?
    • A. 

      A saving plan

    • B. 

      A buying plan

    • C. 

      All of the above

    • D. 

      None of the Above

  • 15. 
    What are good ways of saving money?
    • A. 

      Keeping less money in wallet

    • B. 

      Using credit cards often

    • C. 

      Not using credit cards

    • D. 

      Saving up change

    • E. 

      Borrowing money

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