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      Question

      What is an Indian Depository

      Receipt?
      A A deposit account with a Public Sector Bank Correct Answer Incorrect Answer
      B A depository account with any of depositories Correct Answer Incorrect Answer
      C An instrument in the form of depository receipt created by an Indian depository against underlying equity shares of the issuing company Correct Answer Incorrect Answer
      D An instrument in the form of deposit receipt issued by Indian depositories Correct Answer Incorrect Answer

      Solution

      The correct answer is C

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