Q.
1

Statement (I): A Global Depositary Receipt (GDR) is a bank certificate issued in more than one country for shares in a foreign company.

Statement (II): A GDR is very similar to American Depositary Receipt (ADR)

Statement (III): GDRs are called EDRs when private markets are attempting to obtain Euros

 

Code:

 

  • A

    Statements (I), (II) and (III) are correct

     

  • B

    Statements (I) and (II) are correct but (III) is incorrect

     

  • C

    Statements (I) and (III) are correct but (II) is incorrect

     

  • D

    Statements (II) and (III) are correct but (I) is incorrect