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IBPS Clerk Mains 28 Feb 2021 Shift 1 Paper

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Question : 40

Total: 100

In the Union Budget 2021-22, the govt plans to allow the incorporation of one-person companies with no restriction on paid-up capital and turnover. Which of the following is true regarding this?

Non-resident Indians will also be allowed to incorporate one-person companies in India
This will boost revenues of big companies
The residency limit for an Indian citizen is reduced to set up an OPC from 182 days to 120 days
Only citizens of India will also be allowed to incorporate one-person companies in India
Only 1 and 3

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