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Question

EOU stands for ______.

A
Export Oriented units
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B
European Oil Union
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C
Export Oil Unity
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D
Excellent Official Unit
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Solution

The correct option is A Export Oriented units
The Export Oriented Units (EOU) scheme was introduced to boost exports, increase foreign earnings and created employment in India. The EOU scheme is complementary to the scheme for Free Trade Zone, Export Processing Zone.

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