MCQ

RBI NBFC Regulation MCQ - Practice Questions with Answers

Solve 1 RBI NBFC Regulation questions for RAS/RPSC preparation.

Practice questions

Q1Consider the following statements regarding the RBI's cancellation of Certificates of Registration of 135 NBFCs in June 2026: 1. Maharashtra was the most affected state, accounting for the majority of the cancelled NBFCs. 2. The cancellation was carried out under Section 45-IA(6) of the RBI Act, 1934. Which of the statements given above is/are correct?

A 1 only

B 2 only

C Both 1 and 2

D Neither 1 nor 2

Explanation

Statement 1 is incorrect: the most affected state was West Bengal, not Maharashtra, with 125 of the 135 cancelled NBFCs registered there; Maharashtra had only 4. Statement 2 is correct: the RBI cancelled the Certificates of Registration of 135 NBFCs on 10 June 2026 under Section 45-IA(6) of the RBI Act, 1934. Hence only statement 2 is correct.

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