Question:
Special Economic Zones (SEZs) are:
Special Economic Zones (SEZs) are:
Updated On: Aug 12, 2025
- the places where industries can operate without any control
- the places wherein any person can start any industry
- the places where industries get certain tax advantages
- the places wherein the national labour laws do not apply
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The Correct Option is C
Solution and Explanation
Special Economic Zones (SEZs) are designated areas within a country where business and trade laws are different from the rest of the country. These zones are created to encourage foreign investments, boost exports, and promote industrial growth by offering a more business-friendly environment.
In SEZs, industries are provided with various tax advantages such as exemptions from certain taxes, customs duties, and other benefits. These incentives are meant to attract both domestic and international companies to set up operations in these zones, thus stimulating economic growth and development.
However, while SEZs provide tax benefits and relaxed regulations, they are not places where industries operate completely without control or without adherence to labor laws. The correct answer is: The places where industries get certain tax advantages.
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