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

i) Development of infrastructure facilities.

ii) Promotion of investment from foreign sources.

iii) Promotion of exports of services only.

Which of the above are the objectives of this Act?

a) i and ii only

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b) iii only

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c) ii and iii only

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d) i, ii and iii

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Solution

The correct option is A
a) i and ii only

Ans 97.A

Explanation: The SEZ Act 2005 envisages key role for the State Governments in Export Promotion and creation of related infrastructure. The main objectives of the SEZ Act are- a) Generation of additional economic activity (b) Promotion of exports of goods and services ;( c) Promotion of investment from domestic and foreign sources;(d) Creation of employment opportunities;(e) development of infrastructure facilities

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