Consider the following statements : 1. The Mangalore Special Economic Zone (SEZ) is being promoted by the Oil and Natural Gas Corporation Ltd. 2. Shenzhen, one of the largest SEZ in the world is located in South Korea. Which of the statements given above

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Q: 38 (IES/2006)
Consider the following statements :
1. The Mangalore Special Economic Zone (SEZ) is being promoted by the Oil and Natural Gas Corporation Ltd.
2. Shenzhen, one of the largest SEZ in the world is located in South Korea.
Which of the statements given above is/ are correct ?

question_subject: 

General Knowledge

question_exam: 

IES

stats: 

0,10,17,10,3,11,3

keywords: 

{'mangalore special economic zone': [0, 0, 1, 0], 'largest sez': [0, 0, 1, 0], 'sez': [0, 0, 2, 0], 'shenzhen': [0, 0, 1, 0], 'south korea': [0, 0, 1, 0]}

The correct answer is option 1, which states that only statement 1 is correct.

Statement 1 states that the Mangalore Special Economic Zone (SEZ) is being promoted by the Oil and Natural Gas Corporation Ltd. This statement is correct. The Mangalore SEZ is located in the Indian state of Karnataka, and it is indeed being promoted by the Oil and Natural Gas Corporation Ltd. The purpose of the SEZ is to attract investments and promote economic growth in the region.

Statement 2 states that Shenzhen, one of the largest SEZ in the world, is located in South Korea. This statement is incorrect. Shenzhen is actually located in China, specifically in Guangdong Province. It is one of China`s major economic hubs and is known for its rapid economic growth and development.

In summary, only statement 1 is correct, and statement 2 is incorrect. Therefore, option 1 is the correct answer.