A
1 only
B
2 only
C
Both 1 and 2
D
Neither 1 nor 2
Correct answer: (a) 1 only
Explanation
Statement 1 is correct as DTA denotes the domestic territory outside SEZs governed by normal tax and customs laws. Statement 2 is incorrect because supply of goods did not require mandatory forex realization; rather, it was service supplies under Section 2(z) that faced strict forex rules.
Same topic · past papers
UPSC has asked this before
These previous-year questions sit on the same topic. Open one to practise the earlier ask.