wiz-icon
MyQuestionIcon
MyQuestionIcon
2
You visited us 2 times! Enjoying our articles? Unlock Full Access!
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
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
To receive and investigate complaints regarding the making of excessive profits on the sale of any article
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
Both A and B
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
D
None of these
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
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.


flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Introduction to Cash Flow Statement
ACCOUNTANCY
Watch in App
Join BYJU'S Learning Program
CrossIcon