BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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1959
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1971
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1965
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1956
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Detailed explanation-1: -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.
Detailed explanation-2: -The Asia’s first Export Processing Zone (EPZ) model in promoting exports was set up in Kandla (Gujarat). It is the Asia’s first EPZ set up in 1965.
Detailed explanation-3: -Following an Act of Parliament in 1980, the first EPZ of the country was established in chittagong in 1983.
Detailed explanation-4: -The correct answer is 1965. The Kandla Free Trade Zone-India’s first Export Processing Zone-was set up in 1965. Subsequently, six more EPZs were set up at Santa Cruz (Mumbai), Falta (West Bengal), Chennai (Tamil Nadu), Noida (UP), Cochin (Kerala), and Visakhapatnam (Andhra Pradesh).