Correct Answer: Special Economic Zone
Subject: 2025
Explanation: <p><strong>Key Fact:</strong> SEZ stands for 'Special Economic Zone'.</p><p><strong>Additional Info:</strong> An SEZ is a specially demarcated duty-free enclave deemed to be foreign territory for trade operations and duties. Governed by the Special Economic Zones Act, 2005 in India, SEZs offer tax holidays, single-window clearances, and relaxed labor and customs regulations to attract foreign direct investment (FDI) and boost exports.</p><p><strong>Why the other options are wrong:</strong> None of the other terms are recognized statutory acronyms for SEZ.</p><p><strong>Exam Trick:</strong> SEZ focuses on business and industrial growth → Special Economic Zone.</p><p><strong>Final Answer:</strong> Special Economic Zone</p>