GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Gross Domestic Ratio which is a macro aggregate
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Geographically Developed Regions as defined by the UNDP
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Global development range which has been set up by UNO for developing countries
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Global Depository Receipt which is the mechanism to raise funds from international market
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Detailed explanation-1: -A global depositary receipt is a negotiable certificate issued by a bank. The certificate represents shares in a foreign company traded on a local stock exchange. GDRs give companies access to greater capital and investors the opportunity to invest in the equity of foreign companies.
Detailed explanation-2: -Statement (I) : A Global Depositary Receipt (GDR) is a bank certificate issued in more than one country for shares in a foreign company.
Detailed explanation-3: -ADRs are shares of a single foreign company issued in the U.S. GDRs are shares of a single foreign company issued in more than one country as part of a GDR program. Companies can issue depositary receipts in individual countries or they may choose to issue their shares in multiple foreign markets at once through a GDR.