Author name: Umar Draz

educationist

The Act was enacted on:

A. 14th June 2024
B. 1st May 2024
C. 28th July 2024
D. 7th June 2024
Correct answer is: A. 14th June 2024
This is the date the legislation received assent and was published.

The Act extends to:

A. Lahore Division only
B. Whole of Pakistan
C. Whole of the Punjab
D. Selected districts
Correct answer is: C. Whole of the Punjab
Section 1(2) states that the Act extends to the whole of the Punjab.

The Act comes into force:

A. After 30 days of enactment
B. After publication in Gazette
C. At once
D. After Governor's assent
Correct answer is: C. At once
Section 1(3) specifies that the Act shall come into force immediately.

“Controller of Prices and Supplies” means:

A. Minister for Industries
B. Chief Secretary
C. Deputy Commissioner of the relevant district
D. District Magistrate
Correct answer is: C. Deputy Commissioner of the relevant district
Defined in Section 2(f) as the Deputy Commissioner of the concerned district.

“Council” means:

A. Punjab Executive Council
B. Price Control Council under section 3
C. Cabinet Committee on Prices
D. Federal Price Commission
Correct answer is: B. Price Control Council under section 3
The body established under Section 3 to oversee price control matters.

“Importer” excludes a person importing:

A. On commercial licence
B. On Federal Government permit
C. As part of personal baggage
D. Through bonded warehouse
Correct answer is: C. As part of personal baggage
The Act is focused on commercial import, thus excluding personal items.

“Provincial Controller General” is:

A. Chief Secretary
B. Governor of Punjab
C. Secretary, Industries, Commerce, Investment & Skills Development Dept.
D. District Commissioner
Correct answer is: C. Secretary, Industries, Commerce, Investment & Skills Development Dept.
The Secretary of the relevant department is designated as the primary authority under Section 5(1).

Chairperson of the Price Control Council is:

A. Chief Minister
B. Minister for Industries, Commerce, Investment & Skills Development
C. Minister for Food
D. Chief Secretary
Correct answer is: B. Minister for Industries, Commerce, Investment & Skills Development
The Minister in charge of the relevant department heads the Council.

The Council’s function includes:

A. Issuing trade licences
B. Reviewing prices of essential commodities
C. Levying sales tax
D. Importing commodities directly
Correct answer is: B. Reviewing prices of essential commodities
This is the primary function of the Council, as per Section 3.

Under section 4, an order may regulate:

A. Elections
B. Prices, production, movement, supply, and sale of essential commodities
C. School fees
D. Labour wages
Correct answer is: B. Prices, production, movement, supply, and sale of essential commodities
Section 4 grants the power to regulate all aspects of essential commodity flow.
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