In a saucepan, heat the virgin olive oil over high heat. Add yellow onion, garlic and red bell pepper. Stir frequently until yellow onions have softened and are translucent, about 3 minutes.
Stir in zucchini, corn and black beans until tender, about 2-3 minutes. You can add frozen corn, it will thaw in less than a minute!
Stir in diced tomatoes, Basmati rice, chili powder, cumin, paprika, oregano vegetable broth, kosher salt and black pepper. Bring to a boil, cover, bring to medium heat and simmer until rice is cooked and tender. About 15-20 minutes.
Sprinkle cheddar cheese until melted, about 2 minutes.
Garnish with fresh cilantro and serve.