Under which of the following section of the Reserve Bank of India Act, 1934, did the RBI cancel Equitas Holdings’ registration?
(a) Section 45-IA (1)
(b) Section 45-IA (4)
(c) Section 45-IA (6)
(d) Section 45-IA (8)
Ans.(c)
Sol. The RBI exercised its powers under Section 45-IA (6) of the Reserve Bank of India Act, 1934, to cancel Equitas Holdings’ registration as an NBFC.
Take Mock Tests
| Government Schemes Mock Test | Start Test! |
| Political Science Mock Test – 42 | Start Test |
| History Test – 190 | Start Test |
| Quantitative Aptitude Test | Start Test! | Data Interpretation - Mock Test | Start Test! |
| General Awareness - Mock Test | Start Test! |
| Reasoning Ability - Mock Test | Start Test! |