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SEZ Act of 1995 Quiz

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Questions and Answers

According to the Special Economic Zone Act of 1995, what is the declared policy of the government?

To promote the use of foreign labor
To provide incentives to needed investments (correct)
To limit the use of locally produced goods
To discourage private enterprise

What is the purpose of the Special Economic Zone Act of 1995?

To discourage private enterprise
To promote the use of foreign materials
To limit industrial development in the country
To provide jobs to the people (correct)

What is the role of the private sector according to the 1987 Constitution?

To promote the use of foreign labor
To provide incentives to needed investments (correct)
To discourage investments
To limit economic growth

Which of the following is not included in the definition of Special Economic Zones (SEZ) as per the Special Economic Zone Act of 1995?

Science and technology parks (B) Signup and view all the answers

What is the difference between an industrial estate (IE) and an export processing zone (EPZ)?

An EPZ is a specialized industrial estate while an IE is not (D) Signup and view all the answers

What is the difference between a free trade zone and a tourist/recreational center within an ECOZONE?

A free trade zone is for commercial and financial activities while a tourist/recreational center is for leisure activities (A) Signup and view all the answers

Which of the following is NOT included in the definition of an ECOZONE according to the Special Economic Zone Act of 1995?

Agricultural centers (A) Signup and view all the answers

What is the main difference between an industrial estate (IE) and an export processing zone (EPZ)?

An IE is for domestic market while an EPZ is for export market (B) Signup and view all the answers

What is the primary purpose of an export processing zone (EPZ)?

To provide a location for foreign investors to set up businesses (A) Signup and view all the answers

What is the primary difference between an industrial estate (IE) and a free trade zone within an ECOZONE?

An IE contains pre-built standard factory buildings and community facilities for the use of the community of industries, while a free trade zone may or may not have such provisions. (D) Signup and view all the answers

What is the main characteristic of an export processing zone (EPZ)?

It is predominantly oriented to export production. (C) Signup and view all the answers

What is the difference between an ECOZONE and a tourist/recreational center within an ECOZONE?

An ECOZONE may contain tourist/recreational centers, while a tourist/recreational center is primarily focused on tourism and recreation. (B) Signup and view all the answers

SEZ Act of 1995 Quiz

Choose a study mode

Podcast

Questions and Answers

According to the Special Economic Zone Act of 1995, what is the declared policy of the government?

What is the purpose of the Special Economic Zone Act of 1995?

What is the role of the private sector according to the 1987 Constitution?

Which of the following is not included in the definition of Special Economic Zones (SEZ) as per the Special Economic Zone Act of 1995?

What is the difference between an industrial estate (IE) and an export processing zone (EPZ)?

What is the difference between a free trade zone and a tourist/recreational center within an ECOZONE?

Which of the following is NOT included in the definition of an ECOZONE according to the Special Economic Zone Act of 1995?

What is the main difference between an industrial estate (IE) and an export processing zone (EPZ)?

What is the primary purpose of an export processing zone (EPZ)?

What is the primary difference between an industrial estate (IE) and a free trade zone within an ECOZONE?

What is the main characteristic of an export processing zone (EPZ)?

What is the difference between an ECOZONE and a tourist/recreational center within an ECOZONE?

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