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      Question

      Under the IFSCA Act financial product

      means____________.
      A Credit arrangements Correct Answer Incorrect Answer
      B Contracts of insurance Correct Answer Incorrect Answer
      C Foreign currency contracts Correct Answer Incorrect Answer
      D All a b & c Correct Answer Incorrect Answer
      E Both a & c Correct Answer Incorrect Answer

      Solution

      Section 3 Definitions: (d) "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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