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    Question

    As per the SEBI (International Financial Services Centres) Guidelines, 2015 the stock exchanges operating in IFSC may permit dealing in ______________ types of securities and products in such securities in any currency other than Indian rupee.

    A Depository receipts Correct Answer Incorrect Answer
    B Index based derivatives Correct Answer Incorrect Answer
    C Debt securities issued by eligible issuers Correct Answer Incorrect Answer
    D All a b & c Correct Answer Incorrect Answer
    E Both a & b Correct Answer Incorrect Answer

    Solution

    Guideline 7 Permissible securities: The stock exchanges operating in IFSC may permit dealing in following types of securities and products in such securities in any currency other than Indian rupee, with a specified trading lot size on their trading platform subject to prior approval of the Board: (i) Equity shares of a company incorporated outside India; (ii) Depository receipt(s); (iii) Debt securities issued by eligible issuers; (iv) Currency and interest rate derivatives; (v) Index based derivatives; (vi) Such other securities as may be specified by the Board.

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