Multiple choice

Special Economic Zone Act 2005 was passed by Parliament in May 2005. This Act came into force w.e.f.

  1. January 10, 2006

  2. February 10, 2006

  3. June 23, 2006

  4. July 1, 2006

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The Special Economic Zone Act was passed by Parliament in May 2005 and came into force on February 10, 2006. This legislation provided the legal framework for establishing Special Economic Zones in India to promote exports and attract foreign investment with tax incentives and simplified regulations.