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    Question

    Which of the following does not issue Global Depository

    Receipt?
    A JP Morgan Correct Answer Incorrect Answer
    B Citi group Correct Answer Incorrect Answer
    C U.S. Depository Bank Correct Answer Incorrect Answer
    D Deutsche Bank Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    A global depositary receipt (GDR) is a bank certificate issued in more than one country for shares in a foreign company. The shares are held by a foreign branch of an international bank. The shares trade as domestic shares but are offered for sale globally through the various bank branches.

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