Software Technology Parks — Prelims Questions

Which of the following statements about Software Technology Parks of India (STPI) is/are correct? 1. STPI units can sell up to 25% of their production in the domestic market 2. Companies in STPs enjoy complete income tax exemption on export profits under Section 10AA 3. STPs were established as part of India's economic liberalization in 1991 4. STPI scheme is administered by the Ministry of Commerce and Industry

Consider the following about the evolution of India's IT export policy: 1. Software Technology Parks preceded Special Economic Zones in India's export promotion strategy 2. The sunset clause for Section 10AA benefits expired in March 2021 3. STPs were initially established to address India's foreign exchange crisis 4. The STPI scheme allows companies to retain 100% of their export earnings

Which of the following best describes the primary difference between Software Technology Parks and Special Economic Zones for IT companies?

The success of Software Technology Parks in India can be attributed to which of the following factors? 1. Availability of skilled technical manpower at competitive costs 2. World-class telecommunications and power infrastructure 3. Attractive fiscal incentives including tax exemptions 4. Strategic timing coinciding with global IT outsourcing trends

Which of the following statements about the current status of Software Technology Parks is most accurate?