NISM Series II-A (RTA Corporate) Practice Questions - NISM-Series-II-A Registrars To An Issue And Share Transfer Agents (Corporate) Certification Examination Exam

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Under the Securities Contracts (Regulation) Act, 1956 (SCRA), which of the following is NOT classified under the definition of 'securities'?

Shares, scrips, stocks, bonds, debentures, or other marketable securities of a like nature Government securities and rights or interest in securities A standard promissory note or bill of exchange issued by a partnership firm Units or any other instrument issued by any collective investment scheme to the investors

Correct Answer:

A standard promissory note or bill of exchange issued by a partnership firm

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