SSC
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Central
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Local
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State
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Central, State
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Detailed explanation-1: -The Correct Answer is Foreign companies. Special Economic Zones are being set up by the Government in order to attract foreign companies. A Special Economic Zone (SEZ) is an area in a country that is subject to economic regulations that are different from those in other regions of the same country.
Detailed explanation-2: -A special economic zone (SEZ) is an area in a country that is subject to different economic regulations than other regions within the same country. The economic regulations of special economic zones (SEZs) tend to be conducive to-and attract-foreign direct investment (FDI).
Detailed explanation-3: -In all SEZs the statutory functions are controlled by the government. Government also controls the operation and maintenance function in the seven central government controlled SEZs.