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Q.

Choose given statement true/False:

Special Economic Zone can be set up only after requiring land from the farmer's

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a

True

b

False

answer is B.

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Detailed Solution

The above statement is true.
Special Economic Zones can be set up only after requiring land from the farmers and they are not left with any source of livelihood customs and excise duty rates are only to attract foreign companies which can lead to the exploitation of workers. The state government cannot protect the laborers and at the same time cannot ignore the interests of investors. This is a difficult situation for those governments that want to attract FDI and yet look after the interest of poor farmers.

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