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.
Is this answer helpful and correct?
0 agree0 disagree
Related MCQs
Hoarding includes stocking beyond:
A.
Fair market price
B.
Maximum quantity prescribed
C.
Sale by auction
D.
Daily consumer demand
Correct answer is:
B. Maximum quantity prescribed
Is this answer helpful and correct?
0 agree0 disagree
False reporting also includes:
A.
Fake contracts
B.
Speculative dealings
C.
Market manipulation
D.
All of the above
Correct answer is:
D. All of the above
Is this answer helpful and correct?
0 agree0 disagree
Articles covered under Schedule include:
A.
Food & essential commodities
B.
Medical supplies during COVID-19
C.
Daily consumer goods
D.
All of the above
Correct answer is:
D. All of the above
Is this answer helpful and correct?
0 agree0 disagree
Who is responsible for updating the list of essential goods?
A.
Federal Government
B.
Local Governments
C.
Government of Punjab
D.
Courts
Correct answer is:
C. Government of Punjab
Is this answer helpful and correct?
0 agree0 disagree
This Act overrides:
A.
Civil Procedure Code only
B.
All other laws in force
C.
Local Government laws only
D.
Evidence Act only
Correct answer is:
B. All other laws in force
Is this answer helpful and correct?
0 agree0 disagree
How many essential items are listed in the schedule of the Act?
A.
10
B.
20
C.
Over 40
D.
5
Correct answer is:
C. Over 40
Is this answer helpful and correct?
0 agree0 disagree