Explanation:

First statement is incorrect while fourth statement is correct. Participatory Notes commonly known as P-Notes or PNs are instruments issued by registered foreign institutional investors (FII) to overseas investors, who wish to invest in the Indian stock markets without registering themselves with the market regulator, the Securities and Exchange Board of India - SEBI.
P-Notes are not required to be registered as registration of FIIs with SEBI is mandatory for trading such P-Notes.
Second statement is incorrect. P-Note can be issued only to investors coming from jurisdictions that have anti-terror funding norms and anti money laundering norms just to keep a limit on the flow of money through P-Notes and to check on the flow of black money in India.
Third statement is incorrect. P-notes are not part of money market.