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.