Discussion
SEZ stands for .................. .
Answer: D
SEZ stands for Special Economic Zone.
An SEZ is a geographically demarcated area treated as foreign territory for trade and customs purposes, with its own simpler rules and tax concessions, set up to attract investment, promote exports and create jobs. In India they are governed by the Special Economic Zones Act, 2005, which replaced the older Export Processing Zones.
'Special Export Zone' is a tempting guess because exports are a main aim, but it is not the name. The European and Environmental expansions have no connection with the term.
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