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    Question

    Which of the following is NOT considered a financial

    product as per the IFSCA Act’19?
    A Equity shares Correct Answer Incorrect Answer
    B Bonds Correct Answer Incorrect Answer
    C Derivatives Correct Answer Incorrect Answer
    D Insurance products Correct Answer Incorrect Answer
    E Foreign Exchange Spot contract Correct Answer Incorrect Answer

    Solution

    According to the IFSCA Act’19, a Foreign Exchange Spot contract is not considered a financial product. This act covers a broad range of financial products, but spot contracts, which are immediate transactions, do not fall under its purview.

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