Question

What is the main purpose of Special Economic Zones (SEZs)?

  1. To promote cultural exchange
  2. To attract foreign investment and boost exports
  3. To provide housing for low-income families
  4. To preserve historical monuments

Answer:

Option B: To attract foreign investment and boost exports

Detailed Solution:

The correct answer is “To attract foreign investment and boost exports”.

Special Economic Zones (SEZs) are designated areas with special economic regulations that differ from the rest of the country. They are established to attract foreign investment, boost exports, and promote economic growth.