EOU quiz: 15 Prelims MCQs

1. Easy

   1. EOU stands for:

   Export Oriented UnitExport Operated UndertakingEconomic Opportunity UnitExport Outsourcing Unit

2. Easy

   2. Which chapter of the Foreign Trade Policy 2023 deals with EOUs?

   Chapter 3Chapter 4Chapter 6Chapter 8

3. Easy

   3. Which of these is NOT covered under FTP Chapter 6?

   EOUSTPEHTPSEZ

4. Easy

   4. Pure trading units under the EOU scheme are:

   Allowed freelyAllowed only for servicesExcludedAllowed with DGFT approval

5. Easy

   5. The EOU scheme was introduced in:

   1965198120002005

6. Moderate

   6. An EOU must be a positive earner of:

   Gross exportsNet Foreign ExchangeDomestic turnoverCustoms revenue

7. Moderate

   7. EOU applications are processed by the:

   RBIDevelopment CommissionerNITI AayogState Industries Secretary only

8. Moderate

   8. Consider: (1) An EOU must be located in an SEZ. (2) An EOU may make permissible DTA sales. Which is correct?

   1 only2 onlyBothNeither

9. Moderate

   9. The EOU scheme is best described as:

   Area-basedUnit-basedState-basedPort-based

10. Moderate

    10. BTP in FTP Chapter 6 refers to:

    Border Trade PostBio-Technology ParkBonded Trade PremisesBasic Tariff Programme

11. Difficult

    11. Consider: (1) Section 10B income-tax exemption for EOUs is currently available. (2) EOUs can convert into SEZ units subject to conditions. Which is correct?

    1 only2 onlyBothNeither

12. Difficult

    12. Export-contingent benefits like those of EOUs are most vulnerable under which WTO agreement?

    TRIPSSCM AgreementGATSTRIMs

13. Difficult

    13. Which pair is correctly matched?

    SEZ — FTP Chapter 6EOU — SEZ Act 2005STP — FTP Chapter 6EHTP — SEZ Rules 2006

14. Difficult

    14. Goods removed from an EOU to the DTA without following prescribed procedure would:

    Be duty-freeAttract duty and penaltiesCount towards NFENeed only GST invoice

15. Difficult

    15. Consider: (1) Kandla EPZ predates the EOU scheme. (2) EPZs were converted to SEZs after the 2000 SEZ policy. Which is correct?

    1 only2 onlyBothNeither

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