New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Financial product under IFSCA Act 2019 does not

    include
    A Securities Correct Answer Incorrect Answer
    B Contracts of insurance Correct Answer Incorrect Answer
    C Deposits Correct Answer Incorrect Answer
    D Foreign currency contracts Correct Answer Incorrect Answer
    E Advances Correct Answer Incorrect Answer

    Solution

    Financial Product means— (i) securities; (ii) contracts of insurance; (iii) deposits; (iv) credit arrangements; (v) foreign currency contracts other than contracts to exchange one currency for another that are to be settled immediately; and (vi) any other product or instrument that may be notified by the Central Government from time to time.

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