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Question

Which of the following powers were conferred upon the Board of Trade by the Profiteering Act, 1919 in England?


A
To investigate prices, costs and profits at all stages
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B
To receive and investigate complaints regarding the making of excessive profits on the sale of any article
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C
Both A and B
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D
None of these
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Solution

The correct option is D Both A and B

The profiteering act in England was introduced for the first time in the year 1919. This act conferred following powers on Board of Trade.

  • To investigate prices, costs and profits at all stages.
  • To receive and investigate complaints regarding the making of excessive profits on the sale of any article.


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