Which of the following is issued by registered foreign portf

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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?

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[UPSC 2019 2 JUNE]

A Certificate of Deposit

जमा प्रमाणपत्र

B Commercial Paper

वाणिज्यिक पत्र

C Promissory Note

वचन पत्र

D Participatory Note

भागीदारी नोट

EXPLANATION

Participatory notes also referred to as P-Notes, or PNs, are financial instrumen...

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