BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Where is located India’s first operational special economic zone (SEZ)?
A
Ahmedabad
B
Surat
C
Jaipur
D
Indore
Explanation: 

Detailed explanation-1: -Madhya Pradesh has India’s first green-field SEZ in Pithampur which covers a total area of 1, 114 hectares and is located 35 km from the city of Indore. A total of 50 industrial units have been established in Pithampur.

Detailed explanation-2: -Kandla Special Economic Zone (KASEZ) in Gujarat was the first Indian SEZ. It was set up in 1965 and in fact KASEZ was the first SEZ to be set up in Asia.

Detailed explanation-3: -Welcome to Special Economic Zone (SEZ). 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-4: -SEZs in India About 64% of the SEZs are located in five states – Tamil Nadu, Telangana, Karnataka, Andhra Pradesh and Maharashtra.

Detailed explanation-5: -The first four special economic zones were created in 1980 in southeastern coastal China and consisted of what were then the small cities of Shenzhen, Zhuhai, and Shantou in Guangdong province and Xiamen (Amoy) in Fujian province.

There is 1 question to complete.