All Courses
Explore Courses UPSC Exam UPSC Test Series Free Notes EduRev Infinity Get the App Login Join for Free
Sign in Open App
Class 10 Exam  >  Class 10 Questions  >  Special Economic Zones (SEZ) developed by the... Start Learning for Free
SaveJoin the Discussion on the App
Special Economic Zones (SEZ) developed by the Government of India aim
  • a)
    to attract foreign companies to inves tin India
  • b)
    to encourage small investors
  • c)
    to encourage regional development
  • d)
    none of the above
Correct answer is option 'A'. Can you explain this answer?
FREE This question is part of
Download PDF Attempt Test
Download PDF Attempt this Test
Verified Answer
Special Economic Zones (SEZ) developed by the Government of India aima...
The correct answer is a) to attract foreign companies to invest in India.
Special Economic Zones (SEZs) are designated areas in a country that are intended to promote economic development and attract investment by offering a range of incentives and benefits to companies that set up production units within them. In India, SEZs were established with the goal of attracting foreign companies to invest in the country and set up operations there. By offering tax exemptions and other benefits, the government hoped to encourage foreign companies to invest in India and create jobs for local workers. While SEZs can also contribute to regional development and support small investors, attracting foreign investment is a primary goal of these economic zones in India.
View all questions of this test
Most Upvoted Answer
Special Economic Zones (SEZ) developed by the Government of India aima...
Special Economic Zones (SEZ) in India
SEZs were developed by the Government of India with the primary objective of attracting foreign companies to invest in India. Let's break down the reasons why SEZs were established:
Benefits of SEZs:
- **Attract Foreign Companies**: One of the main reasons for setting up SEZs was to attract foreign companies to invest in India. These zones offer various incentives and benefits to foreign investors, such as tax exemptions, simplified regulations, and infrastructure support.
- **Encourage Economic Growth**: By attracting foreign companies, SEZs help stimulate economic growth in the country. Foreign investments lead to job creation, technology transfer, and overall development of the region where the SEZ is located.
- **Boost Export Activities**: SEZs are designated areas where companies can manufacture goods for export without paying certain taxes or duties. This helps in promoting export activities and improving the country's trade balance.
- **Promote Industrialization**: SEZs play a crucial role in promoting industrialization and manufacturing activities in the country. By providing a conducive environment for businesses to operate, SEZs attract investments in sectors like manufacturing, IT, biotechnology, and more.
In conclusion, Special Economic Zones (SEZs) in India were developed primarily to attract foreign companies to invest in the country. These zones offer a range of incentives and benefits to foreign investors, helping in economic growth, job creation, export promotion, and overall development of the region.
Attention Class 10 Students!
To make sure you are not studying endlessly, EduRev has designed Class 10 study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in Class 10.
< Previous Question Next Question >
Explore Courses for Class 10 exam

Similar Class 10 Doubts

Read the given extract and answer the questions that follows:If democracies are expected to produce good governments, then is it not fair to expect that they would also produce development? Evidence shows that in practice many democracies did not fulfil this expectation. If you consider all democracies and all dictatorships for the fifty years between 1950 and 2000, dictatorships have slightly higher rate of economic growth. The inability of democracy to achieve higher economic development worries us. But this alone cannot be the reason to reject democracy. As you have already studied in economics, economic development depends on several factors: country’s population size, global situation, cooperation from other countries, economic priorities adopted by the country, etc. However, the difference in the rates of economic development between less developed countries with dictatorships and democracies is negligible. Overall, we cannot say that democracy is a guarantee of economic development. But we can expect democracy not to lag behind dictatorship in this respect. When we find such significant difference in the rates of economic growth between countries under dictatorship and democracy, it is better to prefer democracy as it has several other positive outcomes.Answer the following MCQs by choosing the most appropriate options:Q. Which development depends on country's population, size, global situation and co-operation from other countries?

Read the given extract and answer the questions that follows:Federalism is a system of government in which the power is divided between a central authority and various constituent units of the country. Usually, a federation has two levels of government. One is the government for the entire country that is usually responsible for a few subjects of common national interest. The others are governments at the level of provinces or states that look after much of the day-to-day administering of their state. Both these levels of governments enjoy their power independent of the other. In this sense, federations are contrasted with unitary governments. Under the unitary system, either there is only one level of government or the sub-units are subordinate to the central government. The central government can pass on orders to the provincial or the local government. But in a federal system, the central government cannot order the state government to do something. State government has powers of its own for which it is not answerable to the central government. Both these governments are separately answerable to the people.Q. Central and state governments are separately answerable to the _______.

Read the given extract and answer the questions that follows:Federalism is a system of government in which the power is divided between a central authority and various constituent units of the country. Usually, a federation has two levels of government. One is the government for the entire country that is usually responsible for a few subjects of common national interest. The others are governments at the level of provinces or states that look after much of the day-to-day administering of their state. Both these levels of governments enjoy their power independent of the other. In this sense, federations are contrasted with unitary governments. Under the unitary system, either there is only one level of government or the sub-units are subordinate to the central government. The central government can pass on orders to the provincial or the local government. But in a federal system, the central government cannot order the state government to do something. State government has powers of its own for which it is not answerable to the central government. Both these governments are separately answerable to the people.Q. Usually, a federation has _________ levels of government.

Top Courses for Class 10View all

Top Courses for Class 10

Special Economic Zones (SEZ) developed by the Government of India aima)to attract foreign companies to inves tin Indiab)to encourage small investorsc)to encourage regional developmentd)none of the aboveCorrect answer is option 'A'. Can you explain this answer?
Question Description
Special Economic Zones (SEZ) developed by the Government of India aima)to attract foreign companies to inves tin Indiab)to encourage small investorsc)to encourage regional developmentd)none of the aboveCorrect answer is option 'A'. Can you explain this answer? for Class 10 2024 is part of Class 10 preparation. The Question and answers have been prepared according to the Class 10 exam syllabus. Information about Special Economic Zones (SEZ) developed by the Government of India aima)to attract foreign companies to inves tin Indiab)to encourage small investorsc)to encourage regional developmentd)none of the aboveCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Class 10 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Special Economic Zones (SEZ) developed by the Government of India aima)to attract foreign companies to inves tin Indiab)to encourage small investorsc)to encourage regional developmentd)none of the aboveCorrect answer is option 'A'. Can you explain this answer?.
Solutions for Special Economic Zones (SEZ) developed by the Government of India aima)to attract foreign companies to inves tin Indiab)to encourage small investorsc)to encourage regional developmentd)none of the aboveCorrect answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for Class 10. Download more important topics, notes, lectures and mock test series for Class 10 Exam by signing up for free.
Here you can find the meaning of Special Economic Zones (SEZ) developed by the Government of India aima)to attract foreign companies to inves tin Indiab)to encourage small investorsc)to encourage regional developmentd)none of the aboveCorrect answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Special Economic Zones (SEZ) developed by the Government of India aima)to attract foreign companies to inves tin Indiab)to encourage small investorsc)to encourage regional developmentd)none of the aboveCorrect answer is option 'A'. Can you explain this answer?, a detailed solution for Special Economic Zones (SEZ) developed by the Government of India aima)to attract foreign companies to inves tin Indiab)to encourage small investorsc)to encourage regional developmentd)none of the aboveCorrect answer is option 'A'. Can you explain this answer? has been provided alongside types of Special Economic Zones (SEZ) developed by the Government of India aima)to attract foreign companies to inves tin Indiab)to encourage small investorsc)to encourage regional developmentd)none of the aboveCorrect answer is option 'A'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Special Economic Zones (SEZ) developed by the Government of India aima)to attract foreign companies to inves tin Indiab)to encourage small investorsc)to encourage regional developmentd)none of the aboveCorrect answer is option 'A'. Can you explain this answer? tests, examples and also practice Class 10 tests.
Explore Courses for Class 10 exam

Top Courses for Class 10

Explore Courses

Suggested Free Tests

Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev
Get App
© EduRev
Education Revolution
Follow Us
Signup to see your scores go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup