SSC
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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SEZ stands for
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Special Economic Package
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Special Economic Zone
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Special Ecology Zone
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None of the above
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Explanation:
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: -A special economic zone (SEZ) is an area in which business and trade laws differ from the rest of the country.
Detailed explanation-3: -Industrial zones, called Special Economic Zones (SEZ) are set up by the Central and State governments in India to attract foreign investment. 1. These zones provide world-class facilities including electricity, water, roads, transport, storage and recreational and educational facilities.
There is 1 question to complete.