| 1. Increase in-monetary expansion |
| 2. Low import growth rate in India-Recession in Indian industry |
| 3. Euro-issues-Shares held by Indian companies in European countries |
| 4. Portfolio investment-Foreign institutional investors. |
A) 1, 2 and 4
B) 3 and 4
C) 1, 2 and 3
D) 1, 2, 3 and 4
Correct Answer: A
Solution :
Euro issue includes issue of ADR (American Depositary Receipts) and GDR (Global Depositary Receipts). A scheme has been initiated during 1992 under which Indian companies are permitted to raise foreign currency resources through issue of Foreign Currency Convertible Bonds (FCCBs) and/or issue of ordinary equity shares through Global Depositary Receipts (GDRs)/American Depositary Receipts (ADRs) to foreign investors i.e. institutional investors or individuals (including NRIs) residing abroad.
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