GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Export Promotion
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Education Promotion
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Health Infrastructure
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Defence Equipment
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Detailed explanation-1: -The main objectives of the SEZ Scheme is generation of additional economic activity, promotion of exports of goods and services, promotion of investment from domestic and foreign sources, creation of employment opportunities along with the development of infrastructure facilities.
Detailed explanation-2: -Special Economic Zones-An overview: 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 being set up in Kandla in 1965.
Detailed explanation-3: -SEZ, on the other hand, is a specially defined area that is considered to be outside of Customs’ purview. Therefore, any sale made from within a SEZ to a DTA (Domestic Tariff Area) is constituted an export, but any sale made by an EOU to a DTA is deemed an export.