Participatory Notes (PNs):
1. are also called off-shore derivative instrument (ODI).
2. can be issued by only Foreign Institutional Investors
3. don’t need registration with SEBI if foreign investors invest in them
Which among the above is / are correct statements?

Answer: [D] 1, 2 & 3

All are correct statements

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