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Rumit Kumar Singh

· started a discussion

· 1 Months ago

Wrong Answer (Question: 185991.0 )

Even the govt website for SEZs says
"India was one of the first in Asia to recognize the effectiveness of the Export Processing Zone (EPZ) model in promoting exports, with Asia's first EPZ set up in Kandla in 1965. With a view to overcome the shortcomings experienced on account of the multiplicity of controls and clearances; absence of world-class infrastructure, and an unstable fiscal regime and with a view to attract larger foreign investments in India, the Special Economic Zones (SEZs) Policy was announced in April 2000. "

Question:

In India, Special Economic Zones were establised to enhance –

Options:
A) Free Trade
B) Foreign Investment
C) Employment
D) Industrial Development
Solution:
Ans:(b) A special economic zone (SEZ) is an area in which business and trade laws are different from the rest of the country. SEZs are located within a country’s national borders, and their aims include: increased trade, increased investment, job creation and effective administration.

Nishant divakar

· commented

· 1 Months ago

yeah

Knowledge Expert

· commented

· 1 Months ago

Foreign investment is the right answer.........
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