Participatory Notes (PNs) are associated with which one of the following?
- AConsolidated Fund of India
- BForeign Institutional InvestorsCorrect
- CUnited Nations Development Programme
- DKyoto Protocol
Explanation
The correct answer is B because Participatory Notes, also known as P-Notes, are financial instruments used by Foreign Institutional Investors to allow overseas investors to invest in the Indian stock market without registering directly with the market regulator, SEBI. These instruments are issued by registered Foreign Institutional Investors to foreign entities that want to invest in Indian securities but prefer to remain anonymous or avoid the direct registration process. Options A, C, and D are unrelated as they refer to government accounts, international development, and climate change agreements respectively.
Related questions
More UPSC Prelims practice from the same subject and topic.
- Prelims 2007GS1economy
Tarapore Committee was associated with which one of the following?
- Prelims 2007GS1economy
Basel II relates to which one of the following?
- Prelims 2007GS1economy
The National Housing Bank was set up in India as a wholly-owned subsidiary of which one of the following?
- Prelims 2007GS1economy
Match List-I with List-II and select the correct answer using the code given below the lists: List-I (Aluminium Company) List-II (Location) A. BALCO 1. Hirakud B. HINDALCO 2. Korba C. Indian Aluminium…
- Prelims 2007GS1economy
Match List-I with List-II and select the correct answer using the code given below the lists: List-I (Company) List-II (Area) A. Chevron 1. Wind energy B. AT | T 2. Oil C. AMD 3. Telephone/Internet D.…
- Prelims 2007GS1economy
Who among the following served as the Chief Economist of the International Monetary Fund?