🎴 Flashcard Mode
General Knowledge - Current Affairs & Basics
Card1 / 16
Mastered0
Review0
QuestionClick to flip
The Securities and Exchange Board of India recently imposed a restriction on money flow in equity through P-Notes. What is the full form of P-Notes?
AnswerClick to flip back
A
Participatory Notes
💡 Explanation:
Participatory Notes (P-Notes) are financial instruments used by foreign investors to invest in Indian stock markets without registering with SEBI. They are issued by foreign institutional investors to their overseas clients who wish to invest in India. SEBI has periodically tightened regulations on P-Notes to prevent misuse and improve transparency in foreign investment flows.