Correct Answer:
B. Government of Punjab
The Government of Punjab is responsible for prescribing the specific manner and methodology used to accurately determine the value of seized articles.
Related MCQs
Informer reward percentage is:
A.
5%
B.
10%
C.
15%
D.
20%
Correct answer is:
B. 10%
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
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
Are auctions allowed before final judgment?
A.
No
B.
Yes, proceeds kept till court decision
C.
Only with High Court order
D.
Only if goods are perishable
Correct answer is:
B. Yes, proceeds kept till court decision
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
Rules under the Act are made by:
A.
Court
B.
Government of Punjab
C.
Special Magistrate
D.
High Court
Correct answer is:
B. Government of Punjab