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