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An NBFC operating without registration is committing a:
ABreach of law
BBranch of law
CBridge of law
DBlend of law
Answer & Solution
Correct answer: A. Breach of law
1. Registration is required before business begins.
2. Operating without it is not a technicality.
3. It is a breach of law under the RBI Act.
_Source: RBI, FAQs on Non-Banking Financial Companies_
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