#1
Which of the following best defines an Export Processing Zone (EPZ)?
An area where goods can be imported, manufactured, and exported with certain exemptions
ExplanationEPZs facilitate import, manufacture, and export with exemptions.
#2
In which decade did the concept of Export Processing Zones (EPZs) originate?
1960s
ExplanationEPZs emerged in the 1960s.
#3
Which of the following industries commonly operates in Export Processing Zones (EPZs)?
Textiles and apparel
ExplanationTextiles and apparel are common in EPZs.
#4
What is the primary benefit of establishing Export Processing Zones (EPZs) for developing countries?
Enhanced economic growth and development
ExplanationEPZs enhance economic growth and development.
#5
What is the main objective of Export Processing Zones (EPZs) regarding employment?
To generate employment opportunities
ExplanationEPZs aim to generate employment.
#6
Which of the following is NOT a typical feature of Export Processing Zones (EPZs)?
Stricter labor regulations
ExplanationStricter labor regulations are atypical in EPZs.
#7
What is the primary purpose of Export Processing Zones (EPZs) in terms of trade?
To promote international trade and exports
ExplanationEPZs promote international trade and exports.
#8
Which of the following countries was the first to establish an Export Processing Zone (EPZ)?
Taiwan
ExplanationTaiwan pioneered EPZs.
#9
What is one of the primary goals of an Export Processing Zone (EPZ)?
To encourage foreign investment and boost exports
ExplanationEPZs aim to boost foreign investment and exports.
#10
Which of the following is a potential drawback of Export Processing Zones (EPZs)?
Environmental degradation
ExplanationEPZs may lead to environmental degradation.
#11
What role does infrastructure play in the success of Export Processing Zones (EPZs)?
It is crucial for efficient operations and logistics
ExplanationInfrastructure is crucial for EPZ efficiency.
#12
In which region are Export Processing Zones (EPZs) most commonly found?
Africa
ExplanationEPZs are most common in Africa.
#13
What is a 'Free Trade Zone' (FTZ), and how does it relate to Export Processing Zones (EPZs)?
FTZs are areas where international trade restrictions are eliminated, while EPZs offer tax incentives
ExplanationFTZs eliminate trade restrictions; EPZs offer tax incentives.
#14
In addition to tax incentives, what else might Export Processing Zones (EPZs) offer to attract foreign investors?
Access to skilled labor
ExplanationEPZs may offer access to skilled labor.
#15
Which of the following is NOT a typical incentive offered in Export Processing Zones (EPZs)?
Import restrictions
ExplanationImport restrictions are not typical in EPZs.
#16
Which international organization often supports the establishment and development of Export Processing Zones (EPZs) in various countries?
United Nations Industrial Development Organization (UNIDO)
ExplanationUNIDO often supports EPZ establishment.
#17
Which of the following countries has the largest number of Export Processing Zones (EPZs)?
China
ExplanationChina has the largest number of EPZs.
#18
What is the typical duration of tax exemptions provided to companies operating in Export Processing Zones (EPZs)?
10 years
ExplanationTypical tax exemption duration is 10 years.
#19
Which of the following countries has a significant number of EPZs and is known for its successful implementation of the concept?
Mexico
ExplanationMexico has a significant number of EPZs and successful implementation.