Under which of the following section of the Reserve Bank of India Act, 1934, did the RBI cancel Equitas Holdings’ registration?

June 15, 2023

Daily Quiz on Current Affairs 15 June 2023 is very important for Competitive Exams like SSC, Railway, RRB, Banking, IBPS, PSC, UPSC, etc. Our Gkseries team have composed these Current Affairs Quizzes from Newspapers like The Hindu and other competitive magazines.

(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.