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      Question

      How much monetary penalty did RBI impose on RAR Fincare

      Limited, Chennai for non-compliance with its directions?
      A ₹10,000 Correct Answer Incorrect Answer
      B ₹25,000 Correct Answer Incorrect Answer
      C ₹50,000 Correct Answer Incorrect Answer
      D ₹1 lakh Correct Answer Incorrect Answer
      E ₹2 lakh Correct Answer Incorrect Answer

      Solution

      RBI imposed a penalty of ₹25,000 on RAR Fincare Limited, Chennai for non-compliance with its directions regarding management changes in NBFCs.

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