Q. What is an Indian Depository Receipt?
a. An instrument in the form of deposit receipt issued by Indian depositories
b. An instrument in the form of depository receipt created by an Indian depository against underlying equity shares of the issuing company
c. A deposit account with a Public Sector Bank
d. A depository account with any of Depositories in India
ANSWER: An instrument in the form of depository receipt created by an Indian depository against underlying equity shares of the issuing company
Answer & Explanation
No explanation is available for this question!
