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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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