Price fixation can differ based on: A. Weather B. Locality or brand category C. Export market D. Seller's choice Correct answer is: B. Locality or brand category 📖 Read Detailed Explanation → MCQs The Punjab Price Control of Essential Commodities Act, 2024 Leave a Comment | Umar
False statement offence carries imprisonment up to: A. 1 year B. 2 years C. 3 years D. 5 years Correct answer is: C. 3 years 📖 Read Detailed Explanation → MCQs The Punjab Price Control of Essential Commodities Act, 2024 Leave a Comment | Umar
Forfeiture applies if accused: A. Pays fine early B. Is convicted of offence C. Files appeal D. Changes business Correct answer is: B. Is convicted of offence 📖 Read Detailed Explanation → MCQs The Punjab Price Control of Essential Commodities Act, 2024 Leave a Comment | Umar
Special Magistrate may try offences: A. Only in sessions court B. Summary manner or under Chapter XX of the Code C. Only in civil court D. Through tribunal only Correct answer is: B. Summary manner or under Chapter XX of the Code 📖 Read Detailed Explanation → MCQs The Punjab Price Control of Essential Commodities Act, 2024 Leave a Comment | Umar
A. Only in sessions court B. Summary manner or under Chapter XX of the Code C. Only in civil court D. Through tribunal only
Appeal to Divisional Commissioner’s order is: A. Further appealable to High Court B. Final C. Reviewable by Council D. Reviewable by Magistrate Correct answer is: B. Final 📖 Read Detailed Explanation → MCQs The Punjab Price Control of Essential Commodities Act, 2024 Leave a Comment | Umar
Section 7 prohibits selling above: A. Market price B. Retailer's price C. Maximum price fixed under the Act D. Wholesale rate Correct answer is: C. Maximum price fixed under the Act 📖 Read Detailed Explanation → MCQs The Punjab Price Control of Essential Commodities Act, 2024 Leave a Comment | Umar
The Punjab Price Control of Essential Commodities Act, 2024 is cited as: A. Act V of 2024 B. Act VII of 2024 C. Act IV of 2024 D. Act IX of 2024 Correct answer is: B. Act VII of 2024 📖 Read Detailed Explanation → MCQs The Punjab Price Control of Essential Commodities Act, 2024 Leave a Comment | Umar
Display of price list must be at: A. Warehouse B. Back office C. Conspicuous place at sale point D. Government office Correct answer is: C. Conspicuous place at sale point 📖 Read Detailed Explanation → MCQs The Punjab Price Control of Essential Commodities Act, 2024 Leave a Comment | Umar
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 📖 Read Detailed Explanation → MCQs The Punjab Price Control of Essential Commodities Act, 2024 Leave a Comment | Umar
Section 8 allows seized commodities to be sold: A. At market auction B. On the spot at fixed prices C. To government warehouses only D. After court approval Correct answer is: B. On the spot at fixed prices 📖 Read Detailed Explanation → MCQs The Punjab Price Control of Essential Commodities Act, 2024 Leave a Comment | Umar
A. At market auction B. On the spot at fixed prices C. To government warehouses only D. After court approval
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 📖 Read Detailed Explanation → MCQs The Punjab Price Control of Essential Commodities Act, 2024 Leave a Comment | Umar
Sale proceeds from seized commodities are kept in: A. National Bank only B. Profit-bearing account in any Scheduled Bank empowered to receive Government dues C. Private bank account D. Treasury only Correct answer is: B. Profit-bearing account in any Scheduled Bank empowered to receive Government dues 📖 Read Detailed Explanation → MCQs The Punjab Price Control of Essential Commodities Act, 2024 Leave a Comment | Umar
A. National Bank only B. Profit-bearing account in any Scheduled Bank empowered to receive Government dues C. Private bank account D. Treasury only
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 📖 Read Detailed Explanation → MCQs The Punjab Price Control of Essential Commodities Act, 2024 Leave a Comment | Umar
If accused is acquitted, deposited amount: A. Forfeited to Govt B. Released to accused C. Given to charity D. Retained for a year Correct answer is: B. Released to accused 📖 Read Detailed Explanation → MCQs The Punjab Price Control of Essential Commodities Act, 2024 Leave a Comment | Umar
“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 📖 Read Detailed Explanation → MCQs The Punjab Price Control of Essential Commodities Act, 2024 Leave a Comment | Umar
A. Minister for Industries B. Chief Secretary C. Deputy Commissioner of the relevant district D. District Magistrate
“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 📖 Read Detailed Explanation → MCQs The Punjab Price Control of Essential Commodities Act, 2024 Leave a Comment | Umar
A. Punjab Executive Council B. Price Control Council under section 3 C. Cabinet Committee on Prices D. Federal Price Commission
“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 📖 Read Detailed Explanation → MCQs The Punjab Price Control of Essential Commodities Act, 2024 Leave a Comment | Umar
A. On commercial licence B. On Federal Government permit C. As part of personal baggage D. Through bonded warehouse
“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. 📖 Read Detailed Explanation → MCQs The Punjab Price Control of Essential Commodities Act, 2024 Leave a Comment | Umar
A. Chief Secretary B. Governor of Punjab C. Secretary, Industries, Commerce, Investment & Skills Development Dept. D. District Commissioner
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 📖 Read Detailed Explanation → MCQs The Punjab Price Control of Essential Commodities Act, 2024 Leave a Comment | Umar
A. Chief Minister B. Minister for Industries, Commerce, Investment & Skills Development C. Minister for Food D. Chief Secretary
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 📖 Read Detailed Explanation → MCQs The Punjab Price Control of Essential Commodities Act, 2024 Leave a Comment | Umar
A. Issuing trade licences B. Reviewing prices of essential commodities C. Levying sales tax D. Importing commodities directly
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 📖 Read Detailed Explanation → MCQs The Punjab Price Control of Essential Commodities Act, 2024 Leave a Comment | Umar
A. Elections B. Prices, production, movement, supply, and sale of essential commodities C. School fees D. Labour wages
Under section 4(2)(f), an order may fix: A. Minimum stock limits B. Maximum quantity of any essential commodity possessed by a producer or dealer C. Storage charges D. Import quotas Correct answer is: B. Maximum quantity of any essential commodity possessed by a producer or dealer 📖 Read Detailed Explanation → MCQs The Punjab Price Control of Essential Commodities Act, 2024 Leave a Comment | Umar
A. Minimum stock limits B. Maximum quantity of any essential commodity possessed by a producer or dealer C. Storage charges D. Import quotas
Under section 4(2)(k), seizure and forfeiture can be done: A. Without giving notice B. After giving opportunity of being heard and recording reasons in writing C. Only with court order D. Without written record Correct answer is: B. After giving opportunity of being heard and recording reasons in writing 📖 Read Detailed Explanation → MCQs The Punjab Price Control of Essential Commodities Act, 2024 Leave a Comment | Umar
A. Without giving notice B. After giving opportunity of being heard and recording reasons in writing C. Only with court order D. Without written record
The provisions of the Code of Criminal Procedure: A. Apply fully B. Apply partially C. Do not apply on search, seizure, and forfeiture under this Act D. Apply only to appeals Correct answer is: C. Do not apply on search, seizure, and forfeiture under this Act 📖 Read Detailed Explanation → MCQs The Punjab Price Control of Essential Commodities Act, 2024 Leave a Comment | Umar
A. Apply fully B. Apply partially C. Do not apply on search, seizure, and forfeiture under this Act D. Apply only to appeals
Price fixation under section 6 may be for: A. All Pakistan B. Only Lahore Division C. Different localities or stages of transaction D. Export markets only Correct answer is: C. Different localities or stages of transaction 📖 Read Detailed Explanation → MCQs The Punjab Price Control of Essential Commodities Act, 2024 Leave a Comment | Umar
A. All Pakistan B. Only Lahore Division C. Different localities or stages of transaction D. Export markets only