Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

General Knowledge

Topic

Economics

Question:

In order to attract foreign investors China introduced SEZs during their reform period. According to you, what is the full form of SEZ?

Options:

Special economic zones

Special environmental zones

Stipulated economic zones

Stipulated environmental zones

Correct Answer:

Special economic zones

Explanation:

A special economic zone (SEZ) is an area in which the business and trade laws are different from the rest of the country. SEZs are located within a country's national borders, and their aims include increasing employment, increased investment, job creation etc. Low rate of interest is offered to those enterprises who are ready to set their plant in a SEZ.