Question

    Which of the following receipts are used in trading in

    the Indian Market?
    A GDR Correct Answer Incorrect Answer
    B ADR Correct Answer Incorrect Answer
    C IDR Correct Answer Incorrect Answer
    D All of these Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    An IDR(Indian Depository Receipt) is an instrument denominated in Indian Rupees created by a Domestic Depository against the underlying equity of the issuing company to enable foreign companies to raise funds from the Indian securities markets.

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