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Banking Awareness · Q329

Banking Awareness MCQs for Banking exams, IBPS, SBI

Banking Awareness · Banking Awareness · question 329

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.
Answer
D.
An instrument in the form of deposit receipt issued by Indian depositories

Answer: Option C

Solution

Answer: Option C
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