The 'special economic zone' policy in India was first announced in which year? MCQ with Answer and Explanation

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The 'special economic zone' policy in India was first announced in which year?

A. 1995

B. 2000

C. 2005

D. 2010

Answer: Option B

Solution (By JKSSB Mock Tests)

SEZ policy was announced in April 2000.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'General Agreement on Tariffs and Trade' was replaced by the WTO in which year?

A. 1995

B. 2001

C. 1993

D. 1998

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Correct Answer: Option A

Explanation:
The WTO replaced GATT in 1995.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Employees' State Insurance Corporation' provides medical benefit to insured workers from:

A. after retirement

B. first day of employment

C. day one of insurable employment for certain benefits

D. after one year

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Correct Answer: Option C

Explanation:
ESIC medical benefit is available from day one of insurable employment.

This question belongs to: Economy GK Economy Set 1

Question #3

India achieved full convertibility on the current account in which year?

A. 2000

B. 1994

C. 1993

D. 1991

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Correct Answer: Option B

Explanation:
India achieved full current account convertibility in August 1994.

This question belongs to: Economy GK Economy Set 1

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