Multiple choice

What is not true about P-notes(Participatory notes)?

  1. They are not used within the country.

  2. It is a derivative instrument.

  3. It is used by foreign institutional investors(FIIs) not registered with SEBI.

  4. Participatory notes are also associated with Foreign Direct Investors.

  5. None of these
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

This is not true about participatory notes. Hence, it is the right anser.

P-notes are used only by Foreign Institutional Investors who are not registered with SEBI.

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