Question
General Knowledge Question on Business and Economy
Which among the following is/are correct about participatory notes or P-Notes?
A
They are derivative instruments
B
They are used by Foreign Institutional Investors (FIIs) who are not registered with SEBI.
C
They are used on Indian shares but at a location outside India
D
All of the above
Answer
All of the above
Explanation
Solution
Participatory notes (P-notes) are derivative instruments used by Foreign Institutional Investors (FIIs) who are not registered with SEBI.These instruments are used to invest in Indian shares but at a location outside India. Therefore, all of the options mentioned are correct statements about P-notes..So the correct option is (b) :