Top 250+ Solved Export Import Procedures and Documentation MCQ Questions Answer

From 196 to 210 of 234

Q. Unit in a technology park is not eligible for

a. exemption from import duty

b. exemption from quantitative restrictions

c. tax exemptions

d. exemptions from registration requirements

  • d. exemptions from registration requirements

Q. Special Economic Zones are

a. situated outside India, but subject to RBI control

b. treated as foreign territory and not Indian laws

c. governed by international and not Indian laws

d. prohibited from buying from Domestic Tariff Area

  • b. treated as foreign territory and not Indian laws

Q. A SEZ cannot be established for

a. manufacture of goods

b. rendering of services

c. functioning as Free Trade and Warehousing Zone

d. none of the above

  • d. none of the above

Q. Special Economic Zones were created to

a. Boost manufacturing, Augment exports, Generate employment

b. Boost manufacturing , Augment exports , deemed exports

c. Exports of some special products

d. None of the above

  • b. Boost manufacturing , Augment exports , deemed exports

Q. Private sector cannot develop Special Economic Zones

a. False

b. true

c. Can’t say

d. none

  • b. true

Q. For EOU units Disposal of used packing material will be allowed on payment of duty on

a. Transaction Value

b. CIF value

c. None of the above

d. Can’t say

  • a. Transaction Value

Q. Sale by EOU to SEZ units is treated as

a. Physical exports

b. Deemed exports

c. None of the above

d. Can’t say

  • a. Physical exports

Q. FTWZ is expected to address the issues of ________.

a. Star Trading Houses

b. Global Trading network and warehousing zone

c. None of the above

d. Can’t say

  • b. Global Trading network and warehousing zone

Q. What % of income tax exemption do the EOUs get?

a. 100%

b. 50%

c. Varies from Industry to Industry

d. None of the above

  • a. 100%

Q. Special Economic Zones located in areas will be technically treated as ________.

a. Foreign Territory for applicability of domestic legislations

b. Financially independent

c. None of the above

d. Can’t say

  • c. None of the above

Q. The full form of EPZ:

a. Exempted Processing Zones

b. Export Promotion Zone

c. Export Processing Zone

d. None of the above

  • b. Export Promotion Zone

Q. Full form of OBU is

a. Offshore Banking Units

b. Offshore Business Units

c. Overseas Business Units

d. None of the above

  • a. Offshore Banking Units
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