Banking General Awareness Banking System Question Bank Previous Years Questions - Banking and Banking Structure - Legal Aspects

  • question_answer
    What is an Indian Depository Receipt?  [BOB 2008]

    A)  A deposit account with a public Sector Bank

    B)  A depository account with any of the Depositories India

    C)  An instrument in the form of depository receipt created by an Indian depository against underlying    equity shares of the issuing company

    D)  An instrument in the form of deposit receipt issued by Indian depositories

    E)  None of these

    Correct Answer: C


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