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      Question

      Which of the following receipts are used in trading in

      the Indian Market?
      A GDR Correct Answer Incorrect Answer
      B ADR Correct Answer Incorrect Answer
      C IDR Correct Answer Incorrect Answer
      D All of these Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      An IDR(Indian Depository Receipt) is an instrument denominated in Indian Rupees created by a Domestic Depository against the underlying equity of the issuing company to enable foreign companies to raise funds from the Indian securities markets.

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