Correct Answer:
B. 50% of article value
The maximum fine for hoarding is explicitly stated as 50% of the article's value, serving as a significant deterrent against such illegal practices.
Related MCQs
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 Punjab Prevention of Hoarding Hoarding Act is cited as:
A.
Punjab Anti-Stockpiling Act 2020
B.
Punjab Prevention of Hoarding Act 2020
C.
Punjab Anti-Black Marketing Act 2020
D.
Punjab Trade Regulation Act 2020
Correct answer is:
B. Punjab Prevention of Hoarding Act 2020
The Schedule can be changed by:
A.
Governor only
B.
Punjab Government via notification
C.
Market Committee
D.
Court order
Correct answer is:
B. Punjab Government via notification
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
When was the Punjab Prevention of Hoarding Act 2020 enforced?
A.
1/2020
B.
7/2020
C.
12/2020
D.
3/2021
Correct answer is:
B. 7/2020
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