Punjab Price Control of Essential Commodities Act 2024 MCQs Questions and Answers

Punjab Price Control of Essential Commodities Act 2024 MCQs Questions and Answers download pdf for test preparation.

Official title of the Act is?
The Punjab Price Control of Essential Commodities Act 2024

Date introduced in Punjab Assembly:
15-03-2024

Date passed by Assembly:
10-06-2024

Presenter of the Bill:
Shafay Hussain

Purpose of the law:
To modernize price control and replace outdated laws

Definition of essential commodities?
Daily use items like food, medicines, fertilizers etc.

Authority to fix prices:
Provincial Controller General and Deputy Commissioners

Enforcement mechanism:
Price Control Council and appointed magistrates

First-time offence punishment:
Up to 3 years jail or Rs. 100000 fine or both

Penalty for repeat offence:
Minimum one month jail or Rs. 45000 fine or both

Are violations bailable?:
No, they are non-bailable and cognizable

Was there a temporary ordinance?:
Yes

PERA Act 2024 MCQs

Old laws repealed:

Acts of 1958 and 1977

Is it a major legal shift?:
No, it replicates older laws with updates

Does it cover agri products?:
Yes, wheat, cotton, maize, etc.

Are agri inputs included?:
Yes, seeds, fertilizers, pesticides

Enforcing institutions:
Price Control Council and PERA

Can officers seize items?:
Yes

Are summary trials allowed?:
Yes

Who can appeal orders?:
Divisional commissioners and Price Control Council

Implementing party:
PML-N

Goal of the Act:
To control inflation and stop profiteering

Major criticism:
Repeats old methods, ignores inflation root causes

Is price-fixing centralized?:
Yes

New enforcement authority formed?:
Yes, PERA

PERA stands for:
Punjab Enforcement and Regulatory Authority

PERA operational since:
2025

Are price lists mandatory in shops?:
Yes

Who manages price data?:
Price Control and Commodities Management Department

Amendment expected?:
Yes

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