Multiple choice

The Security and Exchange Board of India (SEBI) had imposed a restriction on money flow in equity through "P-notes". What is the full form of "P-notes"?

  1. Permanent-Notes

  2. Participatory-Notes

  3. Purchase-Notes

  4. Private Notes

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

Participatory Notes (P-Notes) are financial instruments used by foreign investors who want to invest in Indian stock markets without registering with SEBI. SEBI monitors them to ensure transparency in the flow of foreign funds.

Keep practicing — related questions