BPSC CCE Prelims
Industry Previous Year Questions (PYQs)

Detailed Explanation:

✅ Statement 1 – Correct: The SEZ Act, 2005 explicitly aims at generation of additional economic activity in Special Economic Zones through infrastructure development and business incentives.

✅ Statement 2 – Correct: Promotion of exports of goods and services is a primary objective, with SEZs designated as foreign territory for trade operations to boost international trade.

✅ Statement 3 – Correct: Creation of employment opportunities is a key objective, with SEZs expected to generate both direct and indirect employment through industrial activities.

All three statements correctly reflect the objectives under the SEZ Act, 2005.

Detailed Explanation:

Under the MSME Act (revised 2020), a micro-enterprise is defined by two criteria: investment in plant and machinery/equipment not exceeding Rs. 1 crore and annual turnover not exceeding Rs. 5 crore.

Option 3 correctly states the investment threshold of Rs. 1 crore. Option 1 incorrectly mentions turnover of Rs. 15 crore (actual: Rs. 5 crore), and Option 2 incorrectly states investment of Rs. 1.5 crore (actual: Rs. 1 crore).

Therefore, only Option 3 correctly defines a micro-enterprise, making it the correct answer.

Detailed Explanation:

Nepanagar in Madhya Pradesh houses Nepa Mills Limited, India's first indigenous newsprint manufacturing unit, established in 1947.

Durgapur has steel plants, Kanpur has textile/leather industries, and Satana has no major newsprint facility.

Therefore, Nepanagar is the correct location for newsprint paper industry, making Option 2 the correct answer.