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Which of the following is issued by registered foreign portfolio investors to overseas investors who want to be part of the Indian stock market without registering themselves directly

Which of the following is issued by registered foreign portfolio investors to overseas investors who want to be part of the Indian stock market without registering themselves directly?

(a)

Certificate of Deposit

(b)

Commercial Paper

(c)

Promissory Note

(d)

Participatory Note

Answer:

(d)

Easy

Core Books

Core Books/NCERT

Explanation

P-Notes or Participatory Notes are Overseas Derivative Instruments that have Indian stocks as their underlying assets. They allow foreign investors to buy stocks listed on Indian exchanges without being registered.