Question

    What does the term "derivative" include according to

    SCRA?
    A Only securities derived from debt instruments Correct Answer Incorrect Answer
    B A security derived from debt instruments, shares, loans, risk instruments, contracts for differences, commodity derivatives, and any other instruments declared by the Central Government Correct Answer Incorrect Answer
    C Only contracts that derive their value from the prices of underlying securities Correct Answer Incorrect Answer
    D Only commodity derivatives Correct Answer Incorrect Answer
    E Only securities that are linked to the prices of underlying securities Correct Answer Incorrect Answer

    Solution

    Section 2 Definitions: (ac)] derivative includes-- (A) a security derived from a debt instrument, share, loan, whether secured or unsecured, risk instrument or contract for differences or any other form of security; (B) a contact which derives its value from the prices, or index of prices, of underlying securities;] 4[(C) commodity derivatives; and (D) such other instruments as may be declared by the Central Government to be derivatives

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