SSC
INDIAN ECONOMY
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Special Economic Zones (SEZs) are being set up to attract
|
|
foreign tourists
|
|
|
foreign investment
|
|
|
foreign goods
|
|
|
foreign policies
|
Explanation:
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.
Detailed explanation-2: -FDI upto 100% is allowed through the automatic route for all manufacturing activities in Special Economic Zones (SEZs). The cases not covered by automatic route are considered and approved by Board of Approvals.
Detailed explanation-3: -1. The government has set up Special Economic Zones with best facilities of electricity, water etc. 2. Companies who set up their units in SEZs don’t need to pay taxes for the first five years.
There is 1 question to complete.