Question : The 1991 economic policy aimed to promote foreign trade through the establishment of:
Option 1: Special Economic Zones (SEZs)
Option 2: Export Processing Zones (EPZs)
Option 3: Free Trade Agreements (FTAs)
Option 4: Trade unions
Correct Answer: Special Economic Zones (SEZs)
Solution : The correct answer is (a) Special Economic Zones (SEZs)
The 1991 economic policy in India aimed to promote foreign trade through the establishment of Special Economic Zones (SEZs). SEZs are designated geographical areas within a country that are governed by special economic regulations and policies to attract foreign direct investment (FDI) and boost exports.
SEZs offer various incentives and benefits to businesses, including tax exemptions, duty-free imports and exports, streamlined customs procedures, relaxed labor laws, and infrastructure support. These zones are intended to create an investor-friendly environment, enhance competitiveness, and attract both domestic and foreign companies to engage in export-oriented activities.
Question : Which reform aimed to encourage foreign trade and reduce import restrictions in the 1991 economic policy?
Question : The 1991 economic policy aimed to promote:
Question : The 1991 economic policy aimed to promote industrial growth and competitiveness through:
Question : The foreign trade policy of India during 1951-1991 primarily aimed at promoting which of the following?
Question : Which policy aimed to reduce the fiscal deficit and promote fiscal discipline in the 1991 economic policy?
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