GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which one of the following is not characteristic of‘ Special Economic Zone’?
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They do not have to pay taxes at all
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Government has allowed flexibility in labour laws.
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They have world class facilities.
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Government allows flexibiilty of labour laws
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Explanation:
Detailed explanation-1: -Which one of the following is not characteristic of ‘Special Economic Zone’? A They do not have to pay taxes for long period.
Detailed explanation-2: -A special economic zone (SEZ) is an area in which business and trade laws differ 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.
Detailed explanation-3: -The main objectives of the SEZ Act are: generation of additional economic activity. promotion of exports of goods and services. promotion of investment from domestic and foreign sources.
There is 1 question to complete.