Participatory Notes PNs are associated with which one of the following ........

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Participatory Notes (PNs) are associated with which one of the following?

Consolidated Fund of India

Foreign Institutional Investors

United Nations Development Programme

Kyoto Protocol

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Explanation:

Participatory notes also referred to as P-Notes, or PNs, are financial instruments required by investors or hedge funds to invest in Indian securities without having to register with the Securities and Exchange Board of India (SEBI). P-Notes are among the group of investments considered to be Offshore Derivative Investments (ODIs). Foreign institutional investors (FIIs), issue the financial instruments to investors in other countries who want to invest in Indian securities.