ROY’S INSTITUTE OF COMPETITIVE EXAMINATION

WBCS (EXE.) ETC. MAIN EXAMINATION

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Merchandise Exports from India Scheme (MEIS) : Introduced w.e.f. 01.04.2015, the objective of MEIS is to offset
infrastructural inefficiencies and associated costs involved in exporting goods/ products which are produced/ manufactured
in India. The scheme incentivizes exporters in terms of Duty Credit Scrips at the rate 2, 3, 4, 5, 7 per cent of Free On Board
(FOB) value of exports realized.

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Services Exports from India Scheme (SEIS) :
Under this scheme, rewards on Net foreign exchange earnings, to service providers of notified services who are providing
service from India to the rest of the World, in the form of Duty Credit scrips are available.. The service exporters are

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eligible for SEIS at the rate of 5 per cent and 7 per cent of the Net Foreign Exchange Earnings (NFEE) for exports made
in a Financial Year.

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Export Promotion Capital Goods (EPCG) Scheme : This Scheme allows exporters to import capital goods (except
certain specified items under the Scheme) for pre-production, production and post-production at zero customs duty. Capital
goods imported under EPCG authorizations for physical exports are also exempt from Integrated Goods and Services Tax
(IGST) and Compensation Cess, at present up to 31.03.2020.
Advance Authorization Scheme : Advance Authorization (AA) is issued to allow duty free import of inputs, which
are physically incorporated in export products (making normal allowance for wastage). In addition, fuel, oil, catalyst which
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are consumed/ utilized in the process of production of export products are also be allowed.
Interest Equalization Scheme (IES) : The scheme came into effect from 01.04.2015 for a period of 5 years. This
scheme is being implemented by the DGFT through Reserve Bank of India (RBI) for pre and post Shipment Rupee Export
Credit. Under the Scheme, interest equalization @ 3 per cent per annum has been made available to eligible exporters.
W.e.f. 02.11.2018, the interest equalization rate has been increased from 3 per cent to 5 per cent for exports made by MSME
sector under the ongoing Interest Equalization Scheme (IES) on Pre and post Shipment Rupee Export Credit. The merchant
exporters have also been included at the interest equalization rate of 3 per cent under this scheme w.e.f. 02.01.2019.
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NEW DEVELOPMENT BANK

1. At the fourth BRICS Summit in New Delhi (2012), the leaders of Brazil, Russia, India, China and South Africa
considered the possibility of setting up a new Development Bank to mobilize resources for infrastructure and sustainable
development projects in BRICS and other emerging economies, as well as in developing countries.
2. During the sixth BRICS Summit in Fortaleza (2014), the leaders signed the Agreement establishing the New
Development Bank (NDB). on 27 February 2016, the NDB became fully operational.
3. The Bank shall have an initial authorized capital of US$ 100 billion. The initial subscribed capital shall be US$ 50
billion, equally shared among founding members. The first chair of the Board of Governors shall be from Russia. The first
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chair of the Board of Directors shall be from Brazil. The first President of the Bank shall be from India. The headquarters
of the Bank shall be located in Shanghai.
4. K V Kamath has been appointed as first president of BRICS bank.
5. According to the bank, the approved projects for India included Assam Bridge (USD 300 million), Mumbai Metro
Rail (USD 260 million), Madhya Pradesh roads project (USD 350 million), Madhya Pradesh Bridges project (USD 175
million), Bihar rural roads project (USD 350 million), Rajasthan Water project (USD 345 million) and Madhya Pradesh
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water supply project (USD 470 million).

ASIAN INFRASTRUCTURE INVESMENT BANK
1. The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank with a mission to improve social
and economic outcomes in Asia.
2. Headquartered in Beijing.
3. It began operations in January 2016 and have now grown to 103 approved members worldwide.
4. Article 34 specifies that the working language of AIIB will be English.
5. India is the second-largest shareholder of the bank and the largest recipient of its loan and equity commitments.. The
bank was proposed by China in 2013 and the initiative was launched at a ceremony in Beijing in October 2014.

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6. India, which is the second largest shareholder of Beijing-based AIIB with a 7.5% stake, has received about $2-billion
funding for various projects so far. China holds 20.06% in the over-three-year-old bank.
7. AIIB president Jin Liqun had announced the bank’s intention to roll out local currency financing to provide more
options to borrowers. India is set to be the first recipient of local currency financing by the Asian Infrastructure and
Investment Bank.
EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT
1. The bank was set up in 1991, based on proposal by former French president Francois Mitterrand, the bank’s initial

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focus was helping central and eastern EUROPEAN NATION RECONSTRUCT THEIR ECONOMIES IN THE POST-
COLD WAR ERA.
2. india has become the 69th shareholder of the European Bank for Reconstruction and Development (EBRD). This

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has a lot of potential for Indian companies as it will open up opportunities for them in places such as Central Asia, Turkey
and Georgia.
3. Headqueartered in London.
INTERNATINAL MONETARY FUND.

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1. The Board of Governors, the highest decision-making body of the IMF, consists of one governor and one alternate

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governor for each member country
2.The governor is appointed by the member country and is usually the minister of finance or the governor of the central
bank.
3. All powers of the IMF are vested in the Board of Governors.
4. The Board of Governors may delegate to the Executive Board all except certain reserved powers.
5. The Board of Governors normally meets once a year.
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The Generalized System of Preferences
1. Generalized System of Preferences (GSP) is a preferential tariff system extended by developed countries to developing
countries (also known as preference receiving countries or beneficiary countries). It is a preferential arrangement in the
sense that it allows concessional low/zero tariff imports from developing countries.
2. The following 13 countries grant GSP preferences : Australia, Belarus, Canada, the European Union, Iceland, Japan,
Kazakhstan, New Zealand, Norway, the Russian Federation, Switzerland, Turkey and the United States of America.
3. The idea of granting developing countries preferential tariff rates in the markets of industrialized countries was
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originally presented at the first UNCTAD conference in 1964.

4. The GSP was adopted at UNCTAD in New Delhi in 1968 and was instituted in 1971.
5. The US has with drawn the Generalized System of Preferences benefit provided to India from 5th June 2019.
6. Impact of GSP Withdrawal
l The products on which india receives GSP benefits belong to labour intensive sectors such as textile, handloom
and agriculture.
l India will lose out on preferential tariff on exports worth of nearly $ 5. 6 billion under the GSP route out of the
total exports of $48 bn in 2017-18.
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l India could lose US market share to rivals like Vistnam and Bangladesh, which will continue have duty-free access.
Regional Comprehensive Economic Partnership ( RCEP)
1. When was Regional Comprehensive Economic Partnership( RCEP) introduced?
The Regional Comprehensive Economic Partnership was introduced during the 19th Asean meet held in November
2011. The RCEP negotiations were kick-started during the 21st Asean Summit in Cambodia in November 2012. Now, all
participating countries aim to finalise and sign a deal by November 2019.
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Member states of Asean and their FTA partners are Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the
Philippines, Singapore, Thailand, Vietnam, China, Japan, India, South Korea, Australia and New Zealand.
2. Why is RCEP important?
The 16 countries negotiating the RCEP together account for a third of the world gross domestic product (GDP) and
almost half the world’s population, with the combined GDPs of China and India alone making up more than half of that.
RCEP’s share of the world economy could account for half of the estimated $0.5 quadrillion global (GDP, PPP) by 2050.
3. What is the objective of RCEP?
RCEP aims to create an integrated market with 16 countries, making it easier for products and services of each of these
countries to be available across this region.

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The negotiations are focused on the following: Trade in goods and services, investment, intellectual property, dispute
settlement, e-commerce, small and medium enterprises, and economic cooperation.
4. Why did India decide against signing the RCEP trade deal?
On November 4, 2019 India decided against joining the 16-nation Regional Comprehensive Economic Partnership
(RCEP) trade deal, saying it was not shying away from opening up to global competition across sectors, but it had made
a strong case for an outcome which would be favourable to all countries and all sectors.
BREXIT

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1. A blend of “Britain” and “exit”, the word was coined by former lawyer Peter Wilding four years before the vote for
the UK to leave the EU took place.
2. The EU, built on the ruins of World War Two to integrate economic power and end centuries of European bloodshed,

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is now a group of 28 countries which trade and allow their citizens to move between nations to live and work.
3. In the June 23, 2016 referendum, 52 percent of British voters backed leaving while 48 percent voted to remain in the
bloc. Prime Minister David Cameron, who called the referendum, resigned immediately afterwards.
4. In order to leave, the UK had to invoke Article 50 of the EU treaty, which outlines the steps for a member state to

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withdraw.

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5. A sticking point to parliament approving a deal has been the border between Northern Ireland, part of the UK, and
Ireland, which remains part of the EU.
6. Since the 1998 peace deal, which ended three decades of violence between Irish unionists and nationalists, free trade
and movement of people between EU member states has meant there is virtually no border between Ireland and the UK.
Most Favoured Nation—
1. The status is given to an international trade partner to ensure non-discriminatory trade between all partner countries
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of the WTO.
2. A country which provides MFN status to another country has to provide concessions, privileges, and immunity in
trade agreements. It is the first clause in the General Agreement on Tariffs and Trade (GATT).
3. India on February 15, 2019 revoked the Most Favoured Nation status bestowed on Pakistan in 1996 in retaliation to
the terror attack in Pulwama.
Capital account of Balance of payment—
It is an account Consisting of capital transaction of an foreign with the rest of the world . it mainly includes five items :
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a) External assistace(loans /assistance from foreign countries)

b) External commercial borrowing (external borrowings by corporate for commercial purposes)
c) Short term credit
d) Banking capital (includes non-residents deposits)
e) Foreign investment ( Foreign direct investment and foreign portfolio investment). The sum of these items is called
as capital account balance .
* When capital inflows > capital outflows --- capital account surplus
* When capital inflows < capital outflows --- capital account deficit
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Balance of payment = current account+Capital Account +Official Reserve transaction

* Balance of payment is said to be in balance when the sum of current account and capital account is zero.
* It means that surplus in one account cancels out the deficit in another account
* For example , current account deficit is cancelled out by the capital account surplus
* However , this may not always be the case . Surplus /deficit in one account may exceed deficit / surplus in another
account . In this case , official reserve transaction are undertaken to bring BOP in balance.
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WORLD TRADE ORGANISATION (WTO)

a) WTO came into existence in 1995 as a result of the evolution of the multilateral trading system starting with the
establishment of the General Agreement on Tariff and Trade . It was formed under the Uruguay round.
b) Special safeguard Mechanism /Special agricultural safeguard :--It empower developing countries to levy additional
safeguard duties in the event of an abnormal surge in imports of the entry of unusual cheap imports.
c) Peace clause:--- Under Bali package (2013), the WTO agreed to allow developing countries to provide subsidy on
food crops without any punitive action. The ‘peace clause’ said that no country would be legally barred from food security
programmes even if the subsidy breached the limits specified in the WTO agreement on agriculture. This ‘peace clause’
was expected to be in force for four years until 2017, by which time the protagonists hoped to find a parmanent solution
to the problem.
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d) THE AGREEMENT ON AGRICULTURE : (AOA)
i) It is to establish a fair , transparent and market oriented agriculture trading system and bring agricultural subsidies
/ domestic support under international disciplines.
ii) AOA was entered into force with the establishment of the WTO in 1995 itself.
iii) The agreement does not allow govt. To support their rural economies, but preferably through policies that cause
less distortion to trade.
iv) The main pillers of AoA are domestic support (classification of agriculture subsidies into amber box , blue box and

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green box ), market access (reduction of tariff and non –tariff barriers by members of WTO ) and export subsidies
(prohibits export subsidies on agri products).
e) AGREEMENT ON TRADE –RELATED ASPECTS OF INTELLECTUAL PROPERTY RIGHTS (TRIPS)

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: set down minimum standards for many forms of internationals property regulation as applied to nationals of other
WTO members.
f) AGREEMENTS ON TRADE RELATED INVESTMENT MEASURES (TRIMS) :
i) The agreement on TRIMS of the WTO is based on the belief that there is strong connection between trade and

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investment.

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ii) Restrictive measures on investment are trade distorting.
iii) According to the TRIMs provision , countries should not adopt the investment measures which restrict and distort
trade.
g) GREEN BOX : subsidies that do not distort trade , or cause minimal disruption no limit.
h) AMBER BOX : Board range of subsidies . limited to 5%of agricultural production (10% for developing countrned)
i) Blue Box : Broad range of subsidies allowed but must be designto minimise trade distortion . No limit.
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INSTITUTION OBJECTIVE ASSOCIATED FACTS
IBRD works with all institutions of the world bank it was set up in
Group and the public and private sectors in 1944
Developing countries to reduce poverty and
Build shared prosperity of its member.
IFC lends money to private sector companies *it was set up in 1956.
of its member countries thereby promoting It is known as Private Arm of world
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Economic development Bank.

IDA provides loans for infrastructure development *set up in 1960
And long term lending for development of *it is known as Soft-
Economic service. Window of the world Bank
*india has been the Biggest beneficiary
of the IDA support
ICSID settles investment disputes between *set up in 1966 under the
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Investing foreign companies and the convention on the settlement

Host countries where investment of investment disputes between
Have been done states and nationals of other states
*india is not the member of ICSID.
Instead , it is a member of Bilateral
Investment promotion and prot-ection
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Agreement (BIPA) in order to

Protect and promote on reciprocal
Basis investment of the investors.
MIGA encourages foreign investment in developing * it was set up in 1988.
Economies by offering insurance to foreign
Private investors against loss caused by non-
Commercial risks.
FDI PREFOMANCE OF INDIA:
India has received total foreign direct investment (FDI) of USD 54.1 billion during April-November 2021-22, as
against USD 81.97 billion in 2020-21.
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The Economic Survey 2021-22 noted that the Services Sector was the largest recipient of FDI inflows in India.
During H1 2021-22, Services Sector received $16.73 billion FDI equity inflows. “Financial, Business, Outsourcing,
R&D, Courier, Tech testing & Analysis along with Education sub sector witnessed strong FDI inflows”, mentioned
the Survey.
Computer software and hardware attracted the highest investment at $9.06 billion followed by the automobile
sector at $5.84 billion and services sector at $4.94 billion during the period, during April to November 2021-22.
The US replaced Mauritius as the second-largest source of foreign direct investment (FDI) into India during 2020-

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21 with inflows of $13.82 billion, according to government data. Singapore remained the top source of foreign
direct investment into the country for the third consecutive fiscal at $17.41 billion.
For April – September 2021, top three states attracting Highest FDI in India- Karnataka, Maharashtra and Delhi.

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Trade performance April- November 2021:
t After China, Japan and Switzerland, India was the world’s fourth largest FX reserve holding as of the end of
November 2021.
t In the first half of 2021-22, foreign exchange reserves surpassed US$ 600 billion, reaching US$ 633.6 billion as

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of December 31, 2021.

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t Top 5 exportable items:
1. Petroleum products- 14.9%
2. Pearl, precious and semi precious stones- 6.8%
3. Iron and steel- 6.0%
4. Drug formulations and biological- 4.7%
5. Gold and other precious metal and jewellery- 2.8%
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t Top 5 export items:
1. USA-18.4% 2. UAE- 6.6%
3. China- 5.9% 4. Bangladesh- 3.5%
5. Hong- Kong- 2.8%
t Top 5 import commodities-
1. Petroleum crude- 19.2%
2. Gold- 8.7%
3. Petroleum products- 6.3%
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4.Pearl, precious and semi precious stones- 5. 0%

5.Coal , Coke and Briquiettes- 4.9%
t Top 5 import sources:
1. China- 15.5% 2. UAE- 7.3%
3. USA- 7.2% 4. Saudi Arab-5.0%
5. Iraq- 4.9%

MULTIPLE CHOICE QUESTIONS

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4. Indian Foreign Exchange Reserves comprise of—

a) Gold & SDR
1. Under PL 480 scheme India entered into this b) Reserve Tranche Position (RTP) in the IMF
programme—
c) Foreign Currency Assets (FCAs)
a) Import of oil product b) Import of foodgrains
d) All of these
c) Export of tea d) None of these
5. Find correct statement.
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2. World Trade Organisation (WTO) advised less

developed countries to— The advantages of foreign capital are found in this
a) Impose export subsidy way—
b) Practice exchange control measures a) It is often speculative and creates uncertainty in
capital market
c) Practice market opening and free trade in goods
and services b) It may bring unsuitable technology
d) None of these c) It bridges the gap between domestic investment
3. India suffered serious foreign exchange crisis in this and savings
year— d) It results in economic drain
a) 1989 b) 1990 c) 1991 d) 1995
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6. Find the incorrect statement. 14. Which among the following items is taken as the real
Structural adjustment implies this— measure of a country’s international competitiveness?
a) Increasing import restriction a) Real Exchange Rate
b) Nominal Exchange Rate
b) Import liberalization
c) Superfluous Exchange Rate
c) Opening domestic market to free trade
d) None of these
d) Bringing flexible exchange rate

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15. What are the conditions to be fulfilled by a country
7. The devaluation of Indian currency in 1991 was including India to obtain structural adjustment loan
required to bring— from the World Bank?
a) Increase in Imports a) Privatisation b) Liberalisation

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b) Decrease in Exports c) Globalisation d) All of these
c) Increase in Exports 16. In the last one decade, which one among the
d) Both Exports and Imports to fall following sectors has attracted the highest foreign
direct investment inflow into India?

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8. Which of the following items does not come under
a) Chemicals other than fertilizers
Indian imports?

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b) Services sector
a) Petroleum b) Chemicals c) Food Processing
c) Fertilizer d) Gems & Jewellery d) Telecommunication
9. The period prior to economic reform in India 17. Foreign Direct Investment ceilings in the telecom
observed— sector have been raised from 74% to—
a) Free rate of Interest regime a) 80% b) 83% c) 90% d) 100%
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b) Administered rate of interest regime 18. Which item does not usually come under India’s
c) High profitability of commercial banks import basket now–a-days?
d) Both (a) and (c) a) Petroleum b) Crude oil
10. Economic reforms policy gives utmost emphasis c) Fertilizer d) Food grains
on— 19. Which among the following will be a debit entry in
a) Import restriction India’s balance of payments?
a) Imports of goods by India
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b) Export promotion and import liberalisation

c) Import substitution b) Income of Indian investments abroad
d) None of these c) Receipts of transfer payments
d) Exports of services by India
11. Indicate the incorrect statement :
20. Which of the following is the biggest contributor of
Impact of economic reform was-
foreign exchange reserve of India?
a) Unsatisfactory progress of basic capital goods
a) Foreign currency assets
industry
b) Gold
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b) Neglect of agriculture
c) Reserve tranche with IMF
c) Increase in security of worker
d) Special drawing rights (SDR)
d) Growth of unemployment
21. Which of the following would include Foreign Direct
12. Foreign Direct Investment in India is the highest
Investment in India?
from—
1. Subsidiaries of foreign companies in India
a) United States b) Mauritius
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2. Majority foreign equity holding in Indian

c) Japan d) Korea companies
13. Which of the following is not advantage of full 3. Companies exclusively financed by foreign
capital account convertibility? companies
a) Encourages import 4. Portfolio investment
b) Boosts exports Select the correct answer using the codes given
c) Easy access to forex below :
d) Promotes trade and capital flows between nations Codes :

a) All 1, 2, 3 & 4 b) 2 & 4 Only
c) 1 & 3 Only d) 1, 2 & 3 Only
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22. Consider the following statements.
The price of any currency in international market is
decided by the—
1. World Bank
2. Demand for provided by concerned goods/services
the country
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28. With reference to the ‘National Intellectual Property
Rights Policy’, consider the following statements.
1. It reiterates India’s commitment to the Doha
Development Agenda and the TRIPS Agreement.
2. The department of Industrial Policy and Promotion
is the nodal agency for regulating intellectual property

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3. Stability of the government of the concerned rights in India.
country Which of the above statements is/are correct?
4. Economic potential of the country in question a) 1 only b) 2 only

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Which of the statements given above are correct? c) Both 1 and 2 d) Neither 1 nor 2
a) All 1, 2, 3 & 4 b) 2 & 3 Only 29. Privatization policy under structural reform does not
c) 3 & 4 Only d) 1 & 4 Only imply—
a) Increase in monopoly power in industrial field

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23. Which of the following constitute Capital Account?
b) Decrease in the role of industrial licensing
1. Foreign Loans

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c) Increase in the importance of public sector
2. Foreign Direct Investment enterprise.
3. Private Remittances d) Both (a) and (b)
4. Portfolio Investment 30. Which of the following has/have occurred in India
Select the correct answer using the codes given after its liberalization of economic policies in 1991?
below. 1. Share of agriculture in GDP increased enormously.
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Codes : 2. Share of India’s exports in world trade increased.
a) 1, 2 and 3 only b) 1, 2 and 4 only 3. FDI inflows increased.
c) 2, 3 and 4 only d) 1, 3 and 4 only 4. India’s foreign exchange reserves increased
enormously.
24. India enacted The Geographical Indications of Goods
Select the correct answer using the codes given
(Registration and Protection) Act, 1999 in order to
below :
comply with the obligations to—
Codes :
a) ILO b) IMF
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a) 1 and 4 only b) 2, 3 and 4 only

c) UNCTAD d) WTO c) 2 and 3 only d) All 1, 2, 3 and 4
25. Post economic reform witnessed— 31. Which statement does not apply in the pre reform
a) Very high growth of employment in organised period public sector enterprise in India witnessed—
sector a) High in efficiency and subsidy
b) Very low growth in same sector b) Increased cost of production
c) Moderate growth c) High degree of profit
d) Jobless growth in organised sector d) Both (a) and (b)
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32. What is the importance of developing Chabahar Port

26. Consider the following countries.
by India?
1. Australia 2. Canada a) India’s trade with African countries will enormously
3. China 4. India increase.
5. Japan 6. USA b) India’s relations with oil-producing Arab countries
Which of the above are among the ‘free-trade will be strengthened.
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partners’ of ASEAN? c) India will not depend on Pakistan for access to

a) 1, 2, 4 and 5 only b) 3, 4, 5 and 6 only Afghanistan and Central Asia.
c) 1, 3, 4 and 5 only d) 2, 3, 4 and 6 only d) Pakistan will facilitate and protect the installation
of a gas pipeline between Iraq and India.
27. Which of the following gives ‘Global Gender Gap
33. The post 1991 reform measures gave emphasis on-
Index’ ranking to the countries of the world?
a) Import restriction
a) World Economic Forum b) Import substitution
b) UN Human Rights Council c) Import liberalization and export promotion
c) UN Women d) Both (a) and (b)
d) World Health Organization
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34. India’s ranking in the ‘Ease of Doing Business
Index’ is sometimes seen in the news. Which of the
following has declared that ranking?
a) Organization for Economic Cooperation and
Development (OECD)
b) World Economic Forum
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38. With reference to Special Economic Zone (SEZ),
consider the following statements :
1. SEZs have full freedom for subcontracting.
2. They are exempted from routine examination by
custom authorities.
Which of the statements given above is/are correct?

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c) World Bank a) 1 only b) 2 only
d) World Trade Organization (WTO) c) Both 1 and 2 d) Neither 1 nor 2
35. What is the underlying characteristic of the WTO? 39. Consider the following statements regarding FIPB

a) It facilitates economic co-operation between
different countries
b) It resolves disputes between economic trade blocks
c) It facilitates the development of less developed
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(Foreign Investment Promotion Board)?
1) The Foreign Investment Promotion Board
(FIPB) was a national agency of Government of India,
with the remit to consider and recommend foreign

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countries direct investment (FDI) which does not come under

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d) It acts as an umbrella institution that regulates the automatic route.
the agreements concluded at the Uruguay round, the 2) The Foreign Investment Promotion Board (FIPB)
organisation’s ultimate goal being the promotion of was housed in the Department of Economic Affairs,
free international trade Ministry of Finance.
36. What is the slogan of World Bank? 3) FIPB was abolished on 24 May 2018, as announced
a) Bank of World by Finance Minister Arun Jaitley during 2017-2018
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budget speech in Lok Sabha.
b) Working for a world free of poverty.
Choose the correct option:
c) For a better world
a) Only 1 & 3 b) Only 2 & 3
d) World Without Poverty
c) Only 1 & 2 d) All 1, 2 & 3
37. Which of the following is true for SEZ?
40. Consider the followings sector:
1.They were exempted from Central Sales Tax,
Service Tax and State sales tax. These have now 1) Lottery Business
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subsumed into GST and supplies to SEZs are zero- 2) Glambing & Betting
rated under the IGST Act, 2017. 3) Atomic Energy
2.There is no need for separate documentation for 4) The business of chit fund
customs and export-import policy. FDI is not at all allowed in which of the following
3.100% Income tax exemption on export income sector?
for SEZ units under the Income Tax Act for first 5 a) Only 1, 2 & 3 b) Only 2 & 3
years, 50% for next 5 years thereafter and 50% of c) Only 1, 3 & 4 d) All 1, 2, 3 & 4
the ploughed back export profit for next 5 years.
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4.The SEZ approval mechanism is a single-window
process provided by a 19-member inter-ministerial
SEZ Board of Approval (BoA).
Choose the correct answer:
a) 1 & 2 b) 2 & 3
c) 3 & 4 d) All 1, 2, 3 & 4
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