Multiple choice

Participatory Notes (PNs) are associated with which of the following?

  1. Consolidated fund of India

  2. Foreign institutional investors

  3. United nationals development programme

  4. Kyoto protocol
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Participatory Notes (PNs/P-Notes) are instruments used by investors or hedge funds that are not registered with the SEBI (Securities and Exchange Board of India) to invest in Indian securities. Participatory notes are instruments that derive their value from an underlying financial instrument such as an equity share and hence the word ‘derivative instruments’.

Keep practicing — related questions