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UPSC 2010: The SEZ Act, 2005 which came into effect in February 2006 has certain objectives. In this context, consider the following : 1. Development of infrastructure facilities. 2. Promotion of investment from foreign sources. 3. Promotion of exports of services only. Which of the above are the objectives of this Act ?
(a)1 and 2 only
(b)3 only
(c)2 and 3 only
(d)1, 2 and 3
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Not attemptedCorrect Answer: (a) 1 and 2 only
The SEZ Act, 2005 aims at (i) developing world-class infrastructure, (ii) promoting investment—including from foreign sources—and (iii) boosting exports of both goods and services. It is not limited to services alone. Therefore objectives 1 and 2 are covered, while statement 3 is incorrect. ([commerce.gov.in](https://www.commerce.gov.in/about-us/subordinate-offices/offices-of-development-commissioners-of-special-economic-zones-sezs/?utm_source=openai))
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Frequently Asked Questions
What is the correct answer to this UPSC 2010 Indian Economy question?▼
The correct answer is option (a): 1 and 2 only. Watch the detailed video explanation in our Sherlocking Prelims course on UnlockIAS.
Which year was this International Trade & WTO question asked in UPSC Prelims?▼
This question was asked in UPSC CSE Prelims 2010, GS Paper 1, as Question 18. It falls under Indian Economy > International Trade & WTO.
What is the difficulty level of this UPSC question?▼
This question is rated "easy". It tests basic recall and most well-prepared aspirants should answer it correctly.
How many UPSC Prelims questions have been asked from International Trade & WTO?▼
UPSC has asked 38 questions from International Trade & WTO (under Indian Economy) across multiple years. Visit the topic page to see the full list and year-wise trends.