13. The SEZ Act, 2005 which came into effect in February 2006 has certain objectives. In this context, consider the following:

1. Development of infrastructure facilities

2. Promotion of investment from foreign sources

3. Promotion of exports of services only

Which of the above is/are not correct?

a) 1 and 2 only

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b) 3 only

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c) 2 and 3 only

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d) 1, 2 and 3

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Solution

The correct option is B
b) 3 only

b)
Explanation: The objective of the SEZ Act and SEZ policy is to create infrastructure for manufacturing as well as services and to promote export. It also promotes FDI in these areas.

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13. The SEZ Act, 2005 which came into effect in February 2006 has certain objectives. In this context, consider the following: 1. Development of infrastructure facilities 2. Promotion of investment from foreign sources 3. Promotion of exports of services only Which of the above is/are not correct?

The correct option is B b) 3 only b) Explanation: The objective of the SEZ Act and SEZ policy is to create infrastructure for manufacturing as well as services and to promote export. It also promotes FDI in these areas.

The correct option is B
b) 3 only

b)
Explanation: The objective of the SEZ Act and SEZ policy is to create infrastructure for manufacturing as well as services and to promote export. It also promotes FDI in these areas.