Consider the following statements: I. These zones were created to develop such an environment in the economy which may provide capability of facing international competition. II. The Export Processing Zone (EPZs) set up as enclaves, separated from the Domestic Tariff Area by fiscal barriers, were intended to provide a competitive duty free environment for export production III. There are total 10 EPZs in our country Which statement is/are correct regarding export processing zone?

Consider the following statements: I. These zones were crea

1.	Consider the following statements: I. These zones were created to develop such an environment in the economy which may provide capability of facing international competition. II. The Export Processing Zone (EPZs) set up as enclaves, separated from the Domestic Tariff Area by fiscal barriers, were intended to provide a competitive duty free environment for export production III. There are total 10 EPZs in our country Which statement is/are correct regarding export processing zone?
A.	Only III
B.	I & II
C.	II & III
D.	All the above
Answer» C. II & III