Section 7 prohibits selling above:
Correct answer is: C. Maximum price fixed under the Act
This is the core price control mechanism of the Act.
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.
The Punjab Price Control of Essential Commodities Act, 2024 is cited as:
Correct answer is: B. Act VII of 2024
This is the official legislative number of the Act, as stated in Section 1(1).
Display of price list must be at:
Correct answer is: C. Conspicuous place at sale point
Ensures transparency and easy accessibility for the consumer.
The Act was enacted on:
Correct answer is: A. 14th June 2024
This is the date the legislation received assent and was published.
Section 8 allows seized commodities to be sold:
Correct answer is: B. On the spot at fixed prices
This is to prevent spoilage and ensure immediate availability to the public.
The Act extends to:
Correct answer is: C. Whole of the Punjab
Section 1(2) states that the Act extends to the whole of the Punjab.
Sale proceeds from seized commodities are kept in:
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.
The Act comes into force:
Correct answer is: C. At once
Section 1(3) specifies that the Act shall come into force immediately.
If accused is acquitted, deposited amount:
Correct answer is: B. Released to accused
The funds are released upon acquittal, as the seizure basis is nullified.
“Controller of Prices and Supplies” means:
Correct answer is: C. Deputy Commissioner of the relevant district
Defined in Section 2(f) as the Deputy Commissioner of the concerned district.