|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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