CSE-2019 | Prelims Daily Quiz 69

Question:

Q. Special Economic Zone (SEZ) was recently in news. Which of the following statements is/are True about SEZs?

1. The Central Government provides funds for setting up of SEZs.

2. Domestic sales by SEZs are subject to customs duty.

3. More than 100 SEZs are operational in India.

 

Select the correct statement/s using the code given below:

a) 1 and 2 only

b) 2 and 3 only

c) 3 only

d) 1 and 3 only

b) 2 and 3 only

  • No funds are sanctioned by the Central Government for setting up of SEZ. However, fiscal concessions and duty benefits have been allowed to developers and units.
  • Domestic sales are subject to full customs duty and import policy.
  • 230 SEZs are operational in India.