Join ExamsbookAnswer : 3. "An instrument in the form of depository receipt created by an Indian depository against underlying equity shares of the issuing company"
What is an Indian Depository Receipt ?5
Q: What is an Indian Depository Receipt ?
- 1A deposit account with a Public sector Bankfalse
- 2A depository account with any of the Depositories in indiafalse
- 3An instrument in the form of depository receipt created by an Indian depository against underlying equity shares of the issuing companytrue
- 4An instrument in the form of deposit receipt issued by indian depositoriesfalse
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Answer : 3. "An instrument in the form of depository receipt created by an Indian depository against underlying equity shares of the issuing company"
Explanation :
Answer: C) An instrument in the form of depository receipt created by an Indian depository against underlying equity shares of the issuing company Explanation: