SEZ Policy and Performance — Prelims Questions

With reference to Special Economic Zones (SEZs) in India, consider the following statements: 1. SEZ units can sell up to 50% of their export turnover in the domestic market 2. SEZ developers are exempt from paying income tax on profits from SEZ development for the first 15 years 3. All SEZs must have a minimum area of 1000 hectares 4. SEZ units are exempt from Minimum Alternate Tax (MAT) Which of the statements given above are correct?

Which of the following best describes the primary difference between Special Economic Zones (SEZs) and Export Processing Zones (EPZs) in India?

Consider the following statements about SEZ policy performance in India: 1. IT/ITES SEZs contribute more than 60% of total SEZ exports 2. SEZs account for approximately 25% of India's total merchandise exports 3. Manufacturing SEZs have outperformed services SEZs in export growth 4. SEZ policy has generated over 20 lakh direct employment Which of the statements given above are correct?

The concept of 'deemed foreign territory' in SEZ Act 2005 primarily relates to:

Which of the following challenges has been most significant in SEZ policy implementation in India?