Q329
What is an Indian Depository Receipt?
A.
A deposit account with a Public Sector Bank
B.
A depository account with any of depositories
C.
An instrument in the form of depository receipt created by an Indian depository against underlying equity shares of the issuing company.
AnswerD.
An instrument in the form of deposit receipt issued by Indian depositories
Answer: Option C
Solution
Answer: Option C
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