GK
ACCOUNTING
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
A SEZ is
|
|
a free trade agreement among several nations
|
|
|
a regional area within which trade with foreign nations is allowed
|
|
|
designed to limit exports of manufactured goods by placing export taxes on goods made within the zone
|
|
|
designed to promote exports by deferring import duties on intermediate inputs and waving such duties if the final product is re-exported rather than sold domestically
|
Explanation:
Detailed explanation-1: -The chief objectives of the SEZ Act are: To create additional economic activity. To boost the export of goods and services. To generate employment. To boost domestic and foreign investments.
Detailed explanation-2: -A special economic zone (SEZ) is an area in which the business and trade laws are different from the rest of the country. SEZs are located within a country’s national borders. • Their aims include increased trade balance, employment, increased investment, job creation and effective administration.
Detailed explanation-3: -Detailed Solution. The correct answer is an enclave within a country where industries get some tax advantages. Special Economic Zones (SEZs):
There is 1 question to complete.