Correct Answer:
D. 3 years
Section 3 of the Act stipulates that the maximum imprisonment penalty for the offense of hoarding is a term of three years.
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
Auction proceeds must be kept in:
A.
Non-interest account
B.
Profit-bearing account in NBP
C.
Any private bank account
D.
Treasury account only
Correct answer is:
B. Profit-bearing account in NBP
Auction proceeds go to Govt exchequer if:
A.
Convicted
B.
Acquitted
C.
Both
D.
None of these
Correct answer is:
A. Convicted
Officer may require dealers to declare stock:
A.
Once a year
B.
Once in six months
C.
Anytime or periodically
D.
Only during raids
Correct answer is:
C. Anytime or periodically
Officer may ask for details of:
A.
Persons/firms from whom purchases were made
B.
Firms to whom sales were made
C.
Both A & B
D.
None
Correct answer is:
C. Both A & B
"Prescribed" means:
A.
Notified by Court
B.
Prescribed by rules under the Act
C.
Directed by police
D.
Mentioned in the Penal Code
Correct answer is:
B. Prescribed by rules under the Act