Participatory Notes (PN):

  1. serve only as Offshore Derivative Instruments (ODIs)
  2. are regulated by SEBI in India
  3. can be issued for both money and capital market instruments

Which of the above statements is/are correct?

Answer: [D] 1, 2 & 3

All are correct statements. 

This question is a part of GKToday's Integrated IAS General Studies Module