What is the expansion of SEZ?

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Segregated Economic Zone

Special Economic Zone

Special Exports Zone

Spatial Economic Zone

answer is B.

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Detailed Solution

The expansion of SEZ is Special Economic Zone.
SEZs can be expanded to special economic zones. It is an area specifically considered for trade and business, and the rules and regulations in this area are bound to be much different from the rest of the country. The government aims to improve the nation's economic condition through special economic zones, which are set up to attract foreign trade and investment. They bring in new employment opportunities. They are exempted from any kind of restrictions imposed on companies in places other than the Special Economic Zones. They are welcomed with many facilities, including excellent infrastructure, tax holidays and good fiscal packages.

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