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
Imprisonment for hoarding: up to ___ years.
A.
3 years
B.
1 years
C.
2 years
D.
4 years
Correct answer is:
A. 3 years
Appeal lies to:
A.
High Court
B.
Supreme Court
C.
District & Sessions Judge
D.
Deputy Commissioner
Correct answer is:
C. District & Sessions Judge
Who has authority to inspect or seize goods?
A.
Police only
B.
Deputy Commissioners and other notified officers
C.
Judges
D.
Federal Government
Correct answer is:
B. Deputy Commissioners and other notified officers
What is the broader impact of the Hoarding Act?
A.
Encourages exports
B.
Controls artificial shortages, stabilizes prices, ensures supply
C.
Increases taxes
D.
Protects hoarders
Correct answer is:
B. Controls artificial shortages, stabilizes prices, ensures supply
If a company commits offence, liable persons are:
A.
Directors, partners, managers, secretaries, owners, agents
B.
Only CEO
C.
Only Directors
D.
Only employees
Correct answer is:
A. Directors, partners, managers, secretaries, owners, agents
Hoarding fine is:
A.
100% of value
B.
50% of value of articles
C.
Fixed Rs. 1,000,000
D.
Rs. 500,000
Correct answer is:
B. 50% of value of articles