Question

We very frequently read about Special Economic Zones (SEZs) in newspapers. These SEZs were established with which of the following objectives?
A. To attract foreign investment directly.
B. To protect domestic market from direct competition from multinationals.
C. To provide more capital to agricultural and allied activities.

• A. Only (A)
• B. Only (B)
• C. Only (C)
• D. All (A), (B) and (C)

Answer 1

Answer: (A)

Only (A)

Special Economic Zones (SEZs) refers to an area of a country where the business and trade laws are different from the rest of the countries. The main objectives to develop special economic zones were to attract foreign direct investment to these companies, to generate additional economic activities and employment opportunities in those area and also to promote the export of goods and services produced in those areas.