n NISM Certifications
VII NISM Series VII
Medium

Foreign Currency Convertible Bonds (FCCBs) are bonds issued by Indian companies and subscribed to by a non-resident in foreign currency – True or False?

Practice question from NISM Series VII Mock Test 5 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. True

    Correct answer

  2. B

    False

Why this is the answer

FCCBs are issued by Indian companies to non-residents, carry fixed interest, and can be converted into equity shares at a predetermined price.

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NISM Series VII Mock Test 5