Correct Answer:
A. Stocking & not offering for sale despite demand
When no specific quantity is prescribed, hoarding refers to stocking goods and deliberately withholding them from sale despite existing public demand.
Related MCQs
What is the penalty for not reporting inventory?
A.
No penalty
B.
Imprisonment or fine
C.
Only warning
D.
Life ban
Correct answer is:
B. Imprisonment or fine
Are offences under this Act bailable?
A.
Yes, bailable
B.
No, non-bailable and cognizable
C.
Only by High Court
D.
Compoundable with fine
Correct answer is:
B. No, non-bailable and cognizable
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
Maximum fine for false reporting is:
A.
Rs. 500,000
B.
Rs. 1,000,000
C.
Rs. 2,000,000
D.
Rs. 5,000,000
Correct answer is:
B. Rs. 1,000,000
Are trials under this Act summary in nature?
A.
No, regular trials
B.
Yes, summary in nature
C.
Only by High Court
D.
Only if both parties agree
Correct answer is:
B. Yes, summary in nature
Protection of actions applies if done:
A.
Maliciously
B.
In good faith
C.
By mistake
D.
By informer
Correct answer is:
B. In good faith