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Options
- A
Derivatives
- B
Government Securities
-
Unit Linked Insurance Policy (ULIP)
Correct answer
- D
Rights of interest in securities CORRECT ANSWER: Unit Linked Insurance Policy (ULIP)
Why this is the answer
SCRA defines securities to include shares, bonds, government securities, derivatives, and rights/interests in securities. However, ULIPs are insurance products regulated by IRDAI, not SEBI or under SCRA, so they are excluded.
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