Consider the following statements : India’s first EPZ was set up in Special Economic Zone (SEZ) policy in India was formulated in Vadodara is famous for Patola Silk. Panna in Madhya Pradesh is famous gold mines. Of these statements :

Only 1, 2 and 3 are correct.
Only 2, 3 and 4 are correct.
Only 3 and 4 are correct.
All are correct.

The correct answer is (a). Only statements 1, 2, and 3 are correct.

Statement 1: India’s first EPZ was set up in Kandla, Gujarat in 1965.

Statement 2: Special Economic Zone (SEZ) policy in India was formulated in 2000.

Statement 3: Vadodara is famous for Patola Silk.

Statement 4: Panna in Madhya Pradesh is famous gold mines.

Statement 3 is incorrect because Vadodara is famous for its diamonds, not Patola Silk. Patola Silk is a type of silk that is produced in Gujarat and Rajasthan.