Skip to content

CS Professional · Strategic Management and Corporate Finance · An Overview on Listing and Issuance of Securities in International Financial Services Centre

Under the IFSCA Act, 2019, which of the following is NOT listed among the items that fall within the definition of 'financial product'?

Contracts to exchange one currency for another that are settled immediately are not financial products. The Act includes foreign currency contracts only 'other than' such immediate-settlement exchanges, while securities, insurance contracts and credit arrangements are expressly included.

  1. ASecurities
  2. BContracts of insurance
  3. CContracts to exchange one currency for another that are to be settled immediatelyCorrect
  4. DCredit arrangements

Explanation

The definition of financial product covers securities, contracts of insurance, deposits, credit arrangements, foreign currency contracts and other notified products. Foreign currency contracts are included only if they are other than contracts to exchange one currency for another to be settled immediately. So spot exchange contracts are excluded.

Did you get it right without looking?

One question tells you little. A timed set on An Overview on Listing and Issuance of Securities in International Financial Services Centre shows your real accuracy, how long you take and where you lose marks.

Practise An Overview on Listing and Issuance of Securities in International Financial Services CentreFree diagnostic mock

More An Overview on Listing and Issuance of Securities in International Financial Services Centre questions