The consumer act of the Philippines

Question 1

This act protects the interest and the general welfare of consumers by maintaining standards among business industries.

Answer 1

RA 7394

Question 2

The primary coordinator, promoter, facilitator, and regulatory arm of the Philippine government on the country’s trade, industry, and investment activities.

Answer 2

Department of Trade and Industry

Question 3

This group enforces laws for protection and provision of proper education among consumers.

Answer 3

Consumer protection group

Question 4

The government agency responsible for the promotion of agricultural development by providing the policy framework, public investments, and support services needed for domestic and export-oriented business enterprises.

Answer 4

Department of Agriculture

Question 5

The principal health agency in the Philippines.

Answer 5

Department of Health

Question 6

It is responsible for ensuring access to basic public health services to all Filipinos through the provision of quality health care and regulation of providers of health goods and services.

Answer 6

Department of Health

Question 7

It works with the premise: “Finding the balance between innovations and sound regulations.”

Answer 7

Food and Drug Administration Philippines

Question 8

This health agency not only recognizes the importance of research and innovation in health products.

Answer 8

Food and Drug Administration Philippines

Question 9

Included under this is the provision of policy directions in the areas of money, banking, and credit.

Answer 9

Bangko Sentral ng Pilipinas

Question 10

It supervises the operations of banks and exercises regulatory powers over nonbank financial institutions with quasi-banking functions.

Answer 10

Bangko Sentral ng Pilipinas