The term 'Special Economic Zone' (SEZ) is associated with:
A. Reducing agricultural production
B. Promoting exports and attracting investment
C. Restricting foreign investment
D. Increasing import tariffs
Answer: Option B
Solution (By JKSSB Mock Tests)
SEZs are designated areas that offer incentives such as tax benefits and simplified procedures to promote exports, attract domestic and foreign investment, and generate employment.
Explanation:
Developing countries face difficulties in measuring national income due to a large non-monetised (barter) sector, informal activities, lack of reliable data and underreporting.
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