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Questions and Answers
True or false: The Securities Contracts (Regulation) Act, 1956 defines securities.
True or false: The Securities Contracts (Regulation) Act, 1956 defines securities.
True (A)
Which of the following is considered a security according to the Securities Contracts (Regulation) Act, 1956?
Which of the following is considered a security according to the Securities Contracts (Regulation) Act, 1956?
- Cryptocurrency
- Artwork
- Real estate
- Bonds (correct)
Securities include shares, bonds, debentures, derivatives, and other ______ securities.
Securities include shares, bonds, debentures, derivatives, and other ______ securities.
marketable
True or false: Securities only include shares, bonds, and debentures.
True or false: Securities only include shares, bonds, and debentures.
Which of the following is not included in the definition of securities?
Which of the following is not included in the definition of securities?
The SCRA provides a comprehensive definition of securities to regulate their ______ and issuance.
The SCRA provides a comprehensive definition of securities to regulate their ______ and issuance.
What types of instruments can be declared as securities by the Central Government?
What types of instruments can be declared as securities by the Central Government?
Securities do not include unit-linked insurance policies or similar instruments issued by ______.
Securities do not include unit-linked insurance policies or similar instruments issued by ______.
True or false: Unit-linked insurance policies are considered securities under the SCRA.
True or false: Unit-linked insurance policies are considered securities under the SCRA.
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Study Notes
- Securities are defined in the Securities Contracts (Regulation) Act, 1956.
- Securities include shares, bonds, debentures, derivatives, and other marketable securities.
- They also include units or instruments issued by collective investment schemes or mutual fund schemes.
- Security receipts and certificates issued by companies are also considered securities.
- Government securities and other instruments declared by the government are securities.
- Rights or interests in securities are also included.
- Securities do not include unit-linked insurance policies or similar instruments issued by insurers.
- The definition of securities is broad and covers various types of financial instruments.
- The SCRA provides a comprehensive definition of securities to regulate their trading and issuance.
- The definition of securities is subject to change if the Central Government declares any other instrument as securities.
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