(A) It is issued from registered foreign institutional investors (FII) to overseas investors. |
(B) It is preferred by the overseas investors who wish to invest in the Indian stock markets. |
(C) FIIs can issue it to funds/companies whose identity is not known to the Indian authorities. |
A) Commercial Paper
B) Gilt Fund
C) Participatory Note
D) Exchange-Traded Fund
E) There is no such instrument
Correct Answer: C
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