Question

'I was introduced for the establishment, development, and management of the special economic zones.'

What am I?

• A. Development of Industrial Cluster Act, 2005
• B. Special Economic Zones Act, 2005
• C. Foreign Trade Policy, 2015
• D. The Foreign Trade (Development and Regulation) Act, 1992

Answer 1

The correct option is B Special Economic Zones Act, 2005

The Special Economic Zone Act, 2005 was introduced to provide for the establishment, development, and management of the special economic zones. The objectives of the Act were to boost the export of goods and services as well as to boost the domestic and foreign investments in the country.