MCQs The Punjab Price Control of Essential Commodities Act, 2024
The Punjab Price Control of Essential Commodities Act, 2024 is a legislative framework enacted by the Punjab Assembly on 14 June 2024, aimed at regulating the price, supply, and trade of essential commodities within the province of Punjab.
A. Weather
B. Locality or brand category
C. Export market
D. Seller's choice
Correct answer is: B. Locality or brand category
Allows prices to be adjusted for regional transport costs or quality/brand variations.
A. 1 year
B. 2 years
C. 3 years
D. 5 years
Correct answer is: C. 3 years
Specifies the penalty for providing false information to authorities (Section 15).
A. Pays fine early
B. Is convicted of offence
C. Files appeal
D. Changes business
Correct answer is: B. Is convicted of offence
Forfeiture is a consequence of conviction.
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
Allows for swift disposal of cases, either summarily or through standard magistrate procedure.
A. Further appealable to High Court
B. Final
C. Reviewable by Council
D. Reviewable by Magistrate
Correct answer is: B. Final
Establishes the Divisional Commissioner as the final authority for that level of appeal.
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
This is the core price control mechanism of the Act.
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
This is the official legislative number of the Act, as stated in Section 1(1).
A. Warehouse
B. Back office
C. Conspicuous place at sale point
D. Government office
Correct answer is: C. Conspicuous place at sale point
Ensures transparency and easy accessibility for the consumer.
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.
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
This is to prevent spoilage and ensure immediate availability to the public.
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.
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
Ensures funds are secured and can accrue interest until final disposal.
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.
A. Forfeited to Govt
B. Released to accused
C. Given to charity
D. Retained for a year
Correct answer is: B. Released to accused
The funds are released upon acquittal, as the seizure basis is nullified.
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.
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.
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.
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).
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.
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.
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.
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
This clause addresses hoarding by setting a maximum stock limit.
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
Ensures due process and accountability before taking such drastic action.
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
The Act provides its own procedures for these specific powers.
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
Allows for flexibility based on regional logistics (locality) and trade tiers (stages).
