Q1. Consumer welfare is indicated by
(a) Savings
(b) Disposable income
(c) Expenditure
(d) None of the above
(UPSC Prelims 1979)
Answer: (d) None of the above
Explanation: Consumer welfare is best measured by access to quality goods and services at fair prices, consumer satisfaction, and protection from exploitation. While income and expenditure are economic indicators, they do not directly reflect welfare.