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      Question

      Instruments issued by registered foreign institutional

      investors (FII) to overseas investors, who wish to invest in the Indian stock markets without registering themselves with the market regulator, the Securities and Exchange Board of India (SEBI) are called ____________.
      A Participatory notes Correct Answer Incorrect Answer
      B Promissory notes Correct Answer Incorrect Answer
      C Quantitative tapering Correct Answer Incorrect Answer
      D Electronic Clearing Service Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      Participatory Notes commonly known as P-Notes or PNs are instruments issued by registered foreign institutional investors (FII) to overseas investors, who wish to invest in the Indian stock markets without registering themselves with the market regulator, the Securities and Exchange Board of India - SEBI.

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