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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