Q.

Which of the following are examples of unethical and unfair trade practices happening in India?


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a

Hoarding of goods

b

Adulteration of foods

c

Black marketing

d

All of the above 

answer is D.

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Detailed Solution

Unethical and unfair trade practices happening in India are hoarding, adulteration, black marketing, etc.
All the illegal practices arise due to unethical and unfair business practices such as black marketing and hoarding of commodities so that prices rise more in the market due to a shortage of that particular commodity. Producers and sellers themselves cheat on the quality of food to increase their profits. Adulteration leads to more diseases among youth and vulnerable groups. Hoarding leads to artificial shortages and increased prices of that product. This was the reason the government had to pass strict laws to stop these activities.
 
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