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UPSC 2007: Participatory Notes (PNs) are associated with which one of the following?
(a)Consolidated Fund of India
(b)Foreign Institutional Investors
(c)United Nations Development Programme
(d)Kyoto Protocol
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Not attemptedCorrect Answer: (b) Foreign Institutional Investors
Participatory Notes (P-Notes) are offshore derivative instruments issued abroad by registered Foreign Institutional Investors (FIIs) to overseas clients who wish to invest in Indian securities without registering with SEBI. Hence they are directly linked to FIIs and have nothing to do with the Consolidated Fund, UNDP programmes or the Kyoto climate regime. ([scribd.com](https://www.scribd.com/document/818283438/2007-GS1-Set-A-Wth-Answers))
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What is the correct answer to this UPSC 2007 Indian Economy question?▼
The correct answer is option (b): Foreign Institutional Investors. Watch the detailed video explanation in our Sherlocking Prelims course on UnlockIAS.
Which year was this Financial Markets & Capital Markets question asked in UPSC Prelims?▼
This question was asked in UPSC CSE Prelims 2007, GS Paper 1, as Question 102. It falls under Indian Economy > Financial Markets & Capital Markets.
What is the difficulty level of this UPSC question?▼
This question is rated "easy". It tests basic recall and most well-prepared aspirants should answer it correctly.
How many UPSC Prelims questions have been asked from Financial Markets & Capital Markets?▼
UPSC has asked 39 questions from Financial Markets & Capital Markets (under Indian Economy) across multiple years. Visit the topic page to see the full list and year-wise trends.