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 in the definition of 'financial product'?
Agricultural land is not a financial product under the IFSCA Act, 2019. The definition covers securities, insurance contracts, deposits, credit arrangements, certain foreign currency contracts and other notified products, but not immovable property such as farmland.
- AContracts of insurance
- BDeposits
- CImmovable agricultural land held by a farmerCorrect
- DCredit arrangements
Explanation
The definition lists securities, contracts of insurance, deposits, credit arrangements, foreign currency contracts other than immediately settled currency exchanges, and any other product notified by the Central Government. Agricultural land is not included.
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