India announced its first Special Economic Zone (SEZ) policy in April 2000 to provide an internationally competitive environment for exports. This policy aimed to attract foreign direct investment and boost exports by providing infrastructure and incentives within designated zones.
In India, in which year was the "Special Economic Zone" policy announced ?
Asked in APSC CCE Prelims Exam 2018 · Topic: Industrial Sector (Industrial Infrastructure: Power, Logistics, and Special Economic Zones (SEZs))
More Economic Development questions
- Which of the following are the objectives of the SEZ Act, 2005? 1. Generation of additional economic activity 2. Promotion of exports of goods and services 3. Creation of employment
- Which one of the following is the largest source of electricity in India?
- Which one of the following countries in Asia established the first Export Processing Zone (EPZ) in 1965?
- Evaluate the statements 1. The main objectives of the SEZ Scheme is generation of additional economic activity, promotion of exports of goods and services, promotion of investment from domestic and foreign sources, creation of employment opportunities along with the development of infrastructure facilities. 2. All laws of India are not applicable in SEZ as it is governed by its own law. 3. Units may be set up in the SEZ manufacturing, trading or for service activity. Select the correct answer code :
- Which of the following statements is correct about the sources of energy (power) in India?
- The Kudankulam nuclear power plant in Tamil Nadu is built in collaboration with
- As per NITI Aayog, which percentage of the total electricity is consumed by residential and commercial sectors in India ?
- Which of the following statement(s) is/are incorrect regarding Special Economic Zones (SEZs) in India? 1. The SEZs Act was passed by Parliament in 2004 2. The SEZs Act envisages key role for the State Governments in Export Promotion and creation of related infrastructure 3. The SEZ rules provide for different minimum land requirement for different class of SEZs. 4. SEZ rules provide for single window clearance for setting up of an SEZ