Official Answer Key & Detailed Solution
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Correct Answer: Option (B) — Foreign Institutional Investors
Concept & Option Breakdown
Standard Reference VerifiedParticipatory Notes (PNs or P-Notes) are offshore derivative instruments issued by registered Foreign Institutional Investors (FIIs) / Foreign Portfolio Investors (FPIs) to overseas investors who wish to invest in Indian stock markets without registering directly with SEBI.
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