BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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ADR
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GDR
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IDR
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EDR
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Detailed explanation-1: -Indian Depository Receipt (IDR) is a financial instrument denominated in Indian Rupees in the form of a depository receipt. The IDR is a specific Indian version of the similar global depository receipts.
Detailed explanation-2: -What is Indian Depository Receipt (IDR)? An IDR is a receipt, declaring ownership of shares of a foreign company. These receipts can be listed in India and traded in rupees.
Detailed explanation-3: -A depositary receipt (DR) is a negotiable certificate issued by a bank representing shares in a foreign company traded on a local stock exchange. The depositary receipt gives investors the opportunity to hold shares in the equity of foreign countries and gives them an alternative to trading on an international market.