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. 7 days
B. 15 working days
C. 10 working days
D. 30 days
Correct answer is: B. 15 working days
Appeals against the Provincial authority have a slightly longer timeline.
A. Code number
B. Sale prices
C. Barcodes only
D. Expiry dates only
Correct answer is: B. Sale prices
To ensure compliance with fixed price limits and transparency.
A. May be charged with abetment
B. Not deemed to have abetted contravention
C. Always exempt from all provisions
D. Needs a licence
Correct answer is: B. Not deemed to have abetted contravention
Protects the ordinary purchaser from being implicated in the seller's offence.
A. Verbal records
B. Books, accounts, and records for inspection
C. No records
D. Only purchase receipts
Correct answer is: B. Books, accounts, and records for inspection
To allow authorities to verify costs and profit margins.
A. Only directors
B. Every director, manager, secretary, member, or officer unless due diligence proved
C. Only company secretary
D. Only owner
Correct answer is: B. Every director, manager, secretary, member, or officer unless due diligence proved
Extends liability to those in charge of the business, holding them accountable for due diligence.
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.