n NISM Certifications
XV NISM Series XV
Medium

Which instruments are issued by SEBI-registered foreign institutional investors to overseas investors who want to invest in Indian stock markets without registering with SEBI?

Practice question from NISM XV Mock Test 1 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Treasury Bills

  2. B

    Commercial Papers

  3. P-Notes

    Correct answer

  4. D

    None of the above

Why this is the answer

Participatory Notes (P-Notes) allow overseas investors to participate in Indian securities indirectly, issued by SEBI-registered foreign portfolio investors, avoiding the need for direct SEBI registration.

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