SBI PO Descriptive Exam- Sample Essay 1

SBI PO Descriptive Exam.

SBI PO Mains Exam  will be conducted in a few weeks. We hope your preparation is going on in full flow for the exam.As we all know is that Descriptive Paper of SBI PO Mains Exam will be one of the deciding sections in the all the exam. It can make or break your selection.

Here we are providing you with a list of Most Important Essay Topics that are likely to be asked in the Exam.


SBI PO Descriptive Exam: Sample Essay 1

Special Economic Zones: Boon or Bane

Special Economic Zones, more popularly known as SEZs are specifically delineated duty free enclaves. They are modern economic zones which enjoy special privileges as compared to the non-SEZ areas in the country. SEZs are established to promote exports and attract investments by concentrating resources along with relaxation in rules in some pockets. A scheme of setting up the SEZs in India was announced in the Export and Import (EXIM) Policy in March 2000. But the implementation of this policy and the task of setting up SEZs on a large scale has gathered momentum only recently after the rules and regulations were clearly laid and amendments wherever required, duly made.

In my view, SEZs are a boon to the nation and its people. They have various benefits. The SEZ enclaves are meant to showcase the country’s manufacturing prowess and its fast developing services sector-especially its world class enterprises in the area of Information Technology (IT), Computer Software and Hardware skills. However, SEZs go beyond the concepts of just industrial concentrations as they have a mix of both industrial and human settlements. Conceptually, they are akin to Free Trade Zones (FTZs) which also offer similar incentives and benefits of trade and commerce within the regions.

The Foreign Trade Policy clearly states that SEZs are growth engines that can boost manufacturing, increase exports and generate sizeable employment. The SEZ Policy also gives an impetus to private sector to overcome the country’s infrastructure problems which are considered to be a roadblock to attracting Foreign Direct Investment (FDI). While foreign investors are attracted towards India’s low-cost labour and strong domestic market, they are apprehensive about moving their products through the country’s poor network of roads, overburdened airports and clogged ports.

India is a vast country with a large population. Despite rapid economic development during the last five years or so, there is persistent poverty and rampant unemployment. The setting up of Special Economic Zones would result in the creation of lakhs of new jobs for skilled and unskilled workers. The number of managerial jobs would increase tremendously. The Information Technology Parks and Computer Software as well as Hardware Parks being created through SEZs shall firmly establish India as an IT and ITES giant.

SEZs have been established in many countries as testing grounds for implementation of liberal market economy principles. They can bring about a great transformation through opening up of the economy in the globalised world. Considering the enormous success of China’s SEZs, and given the fact that both India and China have a similar socio-economic set up and are evenly matched in human and other resources, the SEZ model of development can lead to higher growth in India too. But we need to remove the bottlenecks and address the key issues that are closely connected with this model of development.

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