SSC Economics Sample Paper NCERT Sample Paper-7

  • question_answer
    Consider the following statements about Indian Depository Receipts (IDRs):
    1. They allow foreign investors to invest in Indian companies.
    2. They are denominated in Indian Rupees. Which of the statements given above is/are correct?

    A)  1 only 

    B)  2 only

    C)  Both 1 and 2    

    D)  neither 1 nor 2

    Correct Answer: B

    Solution :

    [b] An IDR is a receipt, declaring ownership of shares of a foreign company. These receipts can be listed in India and traded in rupees. They allow Indian investors to invest in foreign companies.

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