Author name: Umar Draz

educationist

Appeal must be filed within:

A. 7 days
B. 15 days
C. 30 days
D. 60 days
Correct answer is: C. 30 days

Appeal must be decided within:

A. 7 days
B. 15 days
C. 30 days
D. 60 days
Correct answer is: C. 30 days

Informer gets reward of:

A. 5%
B. 10%
C. 15%
D. 20%
Correct answer is: B. 10%

Reward is calculated on:

A. Total stock seized
B. Value of fine imposed
C. Amount released to Government exchequer
D. Auction amount only
Correct answer is: C. Amount released to Government exchequer

Dealers must provide:

A. Stock, purchase, sale, import, export info
B. Only sales invoices
C. Only bank records
D. Only annual data
Correct answer is: A. Stock, purchase, sale, import, export info

Stock declaration must include:

A. Quantity, value, purchase date, sale details
B. Only quantity and value
C. Only invoices
D. Only contracts
Correct answer is: A. Quantity, value, purchase date, sale details

False reporting is punishable with imprisonment up to:

A. 1 year
B. 2 years
C. 3 years
D. 5 years
Correct answer is: C. 3 years

Fine for false reporting may extend up to:

A. Rs. 500,000
B. Rs. 1,000,000
C. Rs. 2,000,000
D. Rs. 5,000,000
Correct answer is: B. Rs. 1,000,000

No legal proceedings shall lie for actions taken:

A. With malice
B. In good faith
C. Without Court order
D. Without FIR
Correct answer is: B. In good faith

Officer may seek help of:

A. Police & law enforcement agencies
B. Only Market Committee
C. Only District Administration
D. Informers only
Correct answer is: A. Police & law enforcement agencies
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