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      Question

      Which of the following is the primary objective of the

      Special Economic Zones Act as per its long title?
      A To regulate domestic trade and taxation Correct Answer Incorrect Answer
      B To provide for the establishment, development and management of Special Economic Zones for the promotion of exports Correct Answer Incorrect Answer
      C To control monetary policy within Special Economic Zones Correct Answer Incorrect Answer
      D To set up import/export licensing bodies Correct Answer Incorrect Answer
      E To manage infrastructure projects in rural areas Correct Answer Incorrect Answer

      Solution

      Explanation: The long title of the Act expressly states its object is "to provide for the establishment, development and management of the Special Economic Zones for the promotion of exports and for matters connected therewith or incidental thereto." This means the focus is on creating and managing SEZs with the ultimate aim of boosting exports and dealing with related or incidental matters. ย 

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