WBCS.LIVE practice question

The Special Economic Zones Act was passed by the Indian Parliament in 2005 and the Act came into force in

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. 2006
  2. 2009
  3. 2014
  4. 2016

Correct answer and explanation

Correct answer: 2006

Explanation: āœ… Correct Answer: A) 2006 šŸ“š Explanation: Although the SEZ Act was passed by the Parliament in 2005, it officially came into force in February 2006. The act aimed to create duty-free enclaves to boost exports and attract foreign direct investment. Special Economic Zones are treated as foreign territories for trade operations and duties.