Banking General Awareness Money Market and Capital Market Question Bank Money Market and Capital Market

  • question_answer
    What is an Indian depository receipt?

    A)  A deposit account with a public sector bank

    B)  A depository account with any of the depositories in India

    C)  An instrument in the form of depository receipt created by an Indian depository against underlying equity shares of the issuing company

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

    E)  None of the above

    Correct Answer: C


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