Reduce red tape
Attract export-oriented industries
Promote tourism
Preserve traditional industries
Answer is Right!
Answer is Wrong!
The correct answer is: b) Attract export-oriented industries.
Special Economic Zones (SEZs) are designated areas with economic and trade privileges. They are designed to attract foreign investment and promote economic development. SEZs typically offer tax breaks, relaxed regulations, and other incentives to businesses that operate within them.
The government of Mizoram has established SEZs in order to attract export-oriented industries. These industries will help to create jobs and boost the economy of the state. SEZs are also expected to attract foreign investment and help to promote trade.
The other options are incorrect because:
- Option (a), “Reduce red tape”, is not the main purpose of SEZs. While SEZs may offer some benefits in terms of reducing red tape, this is not their primary purpose.
- Option (c), “Promote tourism”, is not the main purpose of SEZs. While SEZs may attract some tourists, this is not their primary purpose.
- Option (d), “Preserve traditional industries”, is not the main purpose of SEZs. While SEZs may help to preserve some traditional industries, this is not their primary purpose.