Question

Choose the correct option :- Measures by Government for industrial development ------- a) Creation of specialised Economic zone b) Implementation of MSICDP c) Discouraging Single Window Cell d) Introduction of MAITRI​

Answer 1

Answer:

a)creation of specialised economic zone

Answer 2

Measures by government for industrial development

(A) Creation of specialised economic zone.

SEZ

A special economic zone (SEZ)

It is an area in a country which is subject to different economic rules and regulations than other regions within the same country.

SEZs are located within a country's national borders, and thier objective include increasing employment, increased investment, trade balance, effective administrationand job creation.

OBJECTIVES

• Creating employment opportunities.
• Creating employment opportunities.Generation of more economic activity.
• Creating employment opportunities.Generation of more economic activity.Promotion of exports of goods and services, promotion of investment from domestic.
• Creating employment opportunities.Generation of more economic activity.Promotion of exports of goods and services, promotion of investment from domestic.Developing infrastructure facilities.

ADVANTAGES

• No license for imports.
• No license for imports.Tax exemption on export income.
• No license for imports.Tax exemption on export income.Duty-free import of raw materials for production.
• No license for imports.Tax exemption on export income.Duty-free import of raw materials for production.Minimized hassle of setting up businesses, etc.

No license for imports.Tax exemption on export income.Duty-free import of raw materials for production.Minimized hassle of setting up businesses, etc. Are some of the advantages of the SEZ in India.