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To modernize price control and replace outdated laws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
Old laws repealed: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