SSC
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 (first 5 years)
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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: -1)These zones provide world-class facilities including electricity, water, roads, transport, storage and recreational and educational facilities, 2) Companies setting up production units in these SEZs do not have to pay taxes for an initial period of five years.
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.
There is 1 question to complete.