In a large skillet over medium heat, add the oil, ground beef, and onions. Cook the ground beef until no pinks remain. Drain excess grease, and return to the pan.
Stir in the broth, rice, tomato paste, onion powder, garlic powder, chili powder, salt, cumin, oregano, and pepper. Bring the ingredients to a boil, cover, and reduce the heat to simmer.
Cook at a simmer for 20 to 25 minutes or until the rice is tender and cooked to the desired consistency.
Remove from heat, uncover, and top with shredded cheese. Return the lid and allow the residual heat to melt the cheese.
Serve warm with your favorite side dish.
