Which of the following statements is/are FALSE about the Special Economic Zones (SEZs) of India?
i. One of the main objectives of the Zones Act was the promotion of exports of goods and services.
ii. The Government of India announced the Special Economic Zones (SEZs) Policy in the year 2011.
iii. The SEZ Rules provided for different minimum land requirements for different classes of SEZs.
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. Only ii.
The FALSE statement(s) about the Special Economic Zones (SEZs) of India is/are:
ii. The Government of India announced the Special Economic Zones (SEZs) Policy in the year 2011.
The SEZ Policy was announced in 2000, not 2011. The other statements are true:
- i. The main objective of the SEZs was indeed to promote exports of goods and services.
- iii. The SEZ Rules do provide for different minimum land requirements for different classes of SEZs.