| I. These zones were created to develop such an environment in the economy which may provide capability of facing international competition. |
| II. The Export Processing Zone (EPZs) set up as enclaves, separated from the Domestic Tariff Area by fiscal barriers, were intended to provide a competitive duty free environment for export production |
| III. There are total 10 EPZs in our country |
A) Only III
B) I & II
C) II & III
D) All the above
Correct Answer: B
Solution :
These zones were created to develop such an environment in the economy which may provide capability of facing international competition. The Export Processing Zone (EPZs) set up as enclaves, separated from the Domestic Tariff Area by fiscal barriers, were intended to provide a competitive duty free environment for export production.
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