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    Question

    Which kind of following financial instruments can be

    issued by Non-Profit Organizations as per the framework provided by SEBI for Social Stock exchanges? 
    A Zero Coupon Bonds Correct Answer Incorrect Answer
    B Zero Coupon Zero Principal Bonds Correct Answer Incorrect Answer
    C Shares at discount Correct Answer Incorrect Answer
    D Fixed rate bonds Correct Answer Incorrect Answer
    E Zero Principal Bonds Correct Answer Incorrect Answer

    Solution

    The government on July 16 declared the zero-coupon, zero-principal instruments as securities that can be listed on particular exchanges. According to the said notification,    “zero    coupon    zero    principal    instrument” is an instrument issued by a not-for-profit organisation that will be registered with the social stock exchange segment of a recognised stock exchange in accordance with the Securities and Exchange Board of India (Sebi) regulations.

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