Multiple choice general knowledge

Which of the following organizations recently issued some guidelines related to ‘Participatory Notes’ as used in financial world ?

  1. RBI

  2. IRDA

  3. SEBI

  4. AMFI
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Participatory Notes (P-Notes) are offshore derivative instruments used by foreign investors to invest in Indian markets without registering with SEBI. SEBI (Securities and Exchange Board of India) is the primary regulator for securities markets and issued guidelines on P-Notes. RBI regulates banks, IRDA regulates insurance.

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