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      Question

      Participatory notes (PNs) are associated with which one

      of the following?
      A Consolidated Fund of India Correct Answer Incorrect Answer
      B Foreign institutional investors Correct Answer Incorrect Answer
      C United Nations Development programme Correct Answer Incorrect Answer
      D Kyoto Protocol Correct Answer Incorrect Answer
      E Climate Change Correct Answer Incorrect Answer

      Solution

      P-notes are issued by registered foreign portfolio investors (FPIs) to overseas investors who wish to be part of the Indian stock market without registering themselves directly.

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