Current Affairs

GK MCQs Section
Q. What is the expansion of “OPC”, which is seen in the Union Budget 2021-22?
Answer: One Person Company
Notes: As per the Union Budget 2020-21, the government would be incentivizing the incorporation of One Person Companies (OPC) in order to boost the ease of doing business.
The Government has reduced the time limit for Indian citizen to start an OPC from 182 days to 120 days. This move allows NRIs to incorporate OPCs in India.
Question Source: 📚This question is part of Daily Current Affairs 20 MCQs Series in GKToday Android Application. This series can be subscribed in the app only for Rs. 999/- for entire year. Download the app here.
📌 Question Number: 53 in Current Affairs Quiz - February, 2021 in the above course in App.