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Punjab Prevention Of Hoarding Act 2020 (PACE)
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Q.1
Hoarding is treated as :
Minor wrong
Economic crime
Civil Liability
Administrative Offence
(B)
Q.2
The Act of 2020 mainly protects :
Middleman
Consumers / Public
Big Traders
Exporters
(B)
Q.3
A trader hiding sugar bags in godown is guilty of :
Black Marketing
Hoarding
Smuggling
Tax evasion
(B)
Q.4
If prices are artificially high, Government may:
Ignore
Fixed controlled prices
Ban trade
Nationalize industries
(B)
Q.5
What is the Purpose of this Act?
Protect trader's profit
Protect Public interest
Protect Exporters
Protect Smugglers
(B)
Q.6
Who enforces this Act ?
Punjab government and authorized officers
Trader's Association
Consumers
NGO's
(A)
Q.7
This Act encourages:
Monopoly
Transparency in Trade
Black Marketing
Hoarding
(B)
Q.8
Government can also impose:
Rationing System
Price Control
Distribution Regulations
All of the above
(D)
Q.9
Stock disclosure helps in:
Ensuring Fair Availability
Reducing Exports
Tax Recovery
Import substitution
(A)
Q.10
Government may require dealers to :
Disclose Stock Position
Display Price List
Maintain Records
All of the above
(D)
Q.11
Stock seized can be sold at:
Free market rates
Government controlled price
Higher than market price
Dollar Rate
(B)
Q.12
Repeated offenders may face:
Enhanced Punishment
Relaxation
Amnesty
No Trial
(A)
Q.13
Magistrates under this Act can:
Inspect premises
Conduct Trials
Seal godowns
All of the above
(D)
Q.14
If a dealer is convicted, seized goods are:
Returned to dealer
Confiscated by the Government
Given to NGO's
Destroyed
(B)
Q.15
Which authority registered FIR's of hoardings?
NAB
Police
FBR
SECP
(B)
Q.16
If dealer proves stock is for personal consumption:
No offence
Still punished
Half Fine Imposed
Goods Confiscated
(A)
Q.17
Fine collected under this Act goes to:
Trader's welfare fund
Government Treasury
Court employees
NGO'S
(B)
Q.18
Seized goods are disposed by:
Trader's Association
Punjab Government
Police Only
Local Dealers
(B)
Q.19
Which is correct about Hoarding Offences?
Non-Bailable and Cognizable
Bailable and Non-Cognizable
Civil wrong
Compoundable Offences
(A)
Q.20
Burden of proofs lies on?
Complainant
Government
Accused Trader
Police
(C)
Q.21
What is the Type of trial under this Act?
Ordinary Trial
Summary Trial
Civil Suit
International Arbitration
(B)
Q.22
Hoarding Offences are tried by:
Consumers Courts
Tax Tribunals
Special Magistrates /Session Courts
Civil Courts
(C)
Q.23
What punishment can be under this Act?
Jail only
Fine Only
Both Jail and Fine
Warning Only
(C)
Q.24
What is the maximum fine under this Act?
5 million PKR
2 million PKR
1 million PKR
0.5 million PKR
(C)
Q.25
what is the maximum imprisonment under this act?
6 months
1 year
2 years
3 years
(D)
Q.26
Hoarding Act made stricter due to:
Floods
Covid-19 Pandemic Shortages
Elections
Tax issues
(B)
Q.27
Essential Commodities are controlled to:
Increase Imports
Reduce Exports
Protect Public Interest
Raise profits of traders
(C)
Q.28
If a trader stores 5,000 bags of wheat while the limit is 3,000 this is:
Price Control Violation
Simple Trade
Hoarding Offence
Smuggling
(C)
Q.29
If stock is seized, Government may :
Gifts to Traders
Export it
Sell in open market
Destroy it
(C)
Q.30
Who can seal premises for hoarding ?
Assistant Commissioner
District Police Officer
Both A & B
Shopkeeper himself
(C)
Q.31
Failure to disclose stock is punishable as:
Smuggling
Hoarding offence
Civil Liability
None of these
(B)
Q.32
Artificial Scarcity is created by:
Government Subsidy
Increasing production
Hiding Stock from Market
Importing Goods
(C)
Q.33
Hoarding is also:
Cognizable Offence
Non-Cognizable Offence
Compoundable Offence
None of the above
(A)
Q.34
Hoarding is a:
Bailable Offence
Non-Bailable Offence
Civil Wrong
Minor Offence
(B)
Q.35
Hoarding is prohibited when:
Stock crosses notified limits
Items are Luxury Goods
Goods are for personal use
None of the Above
(A)
Q.36
Which of the following is not an essential commodity under this act?
Medicines
Rice
Wheat
Gold Jewelry
(D)
Q.37
False display of stock is an:
Harmless Act
Tax evasion
Hoarding Offence
Civil Offence
(C)
Q.38
Trader under the Act refers to:
Consumers
Any person engaged in selling/ storing commodities
Only importers
Only Retailers
(B)
Q.39
Who notifies essential commodities?
Punjab Government
Federal Government
Local Government
Trader's Association
(A)
Q.40
Concealment of goods with intent to raise price is called:
Price control
Black Marketing
Hoarding
Smuggling
(C)
Q.41
What refers by the Stock limit?
Minimum price fixed by the Government
Maximum Quantity a dealer can store
Sales Tax limit
None of the above
(B)
Q.42
Dealer includes:
Wholesaler
Retailer
Distributer
All of the Above
(D)
Q.43
Which of the following can be declared essential?
Rice, Pulses, Medicines
Masks, Sanitizers
Wheat , Sugar and ghee
All of the Above
(D)
Q.44
what is the meaning of Essential Commodity?
All items in the market
Item notified by the Punjab Government
Only imported Goods
Any Luxury items
(B)
Q.45
Hoarding means:
Importing Commodities
Marketing of Goods
Stock Goods beyond permitted limits
Saving money in a bank
(C)
Q.46
The Punjab Prevention of Hoarding Act was passed in which year?
2022
2020
2018
2017
(B)
Q.47
The Act extends to:
Sindh Province
Islamabad Capital Territory
Whole Pakistan
Punjab Province Only
(D)
Q.48
The Act came into force on:
Immediately after passing
After 3 months
on notification by federal government
on notification by Punjab government
(D)
Q.49
The main object of this Law is ?
To monitor exports
To regulate Taxation
To prevent hoarding of essential commodities
To increase imports
(C)
Q.50
Which type of law is this?
International law
Civil Law
Penal /Regulatory
Procedural
(C)