Correct Answer:
D. All of the above
The definition of "dealer" under the Act is comprehensive, encompassing producers, manufacturers, wholesalers, retailers, brokers, and middlemen, covering all listed options.
Related MCQs
The word "article" in this Act refers to:
A.
Any commodity
B.
Scheduled articles specified in the Act
C.
All imported goods
D.
Agricultural products only
Correct answer is:
B. Scheduled articles specified in the Act
Offences under the Act are tried:
A.
By Sessions Court
B.
By High Court
C.
By Special Magistrate
D.
By Civil Judge
Correct answer is:
C. By Special Magistrate
Dealers must provide:
A.
Stock, purchase, sale, import, export info
B.
Only sales invoices
C.
Only bank records
D.
Only annual data
Correct answer is:
A. Stock, purchase, sale, import, export info
The value of hoarded articles shall be determined:
A.
By Court
B.
By Special Magistrate
C.
In prescribed manner
D.
By market price only
Correct answer is:
C. In prescribed manner
All offences under this Act are:
A.
Bailable and non-cognizable
B.
Non-bailable and cognizable
C.
Compoundable
D.
Civil in nature
Correct answer is:
B. Non-bailable and cognizable
Maximum fine for hoarding is:
A.
25% of article value
B.
50% of article value
C.
Rs. 1,000,000
D.
Rs. 500,000
Correct answer is:
B. 50% of article value