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Banking Sample Paper SBI Clerk Grade (Main) Sample Test Paper-5

  • question_answer
    Which of the following is a receipt listed in India and traded in rupees declaring owner-ship of shares of a foreign company?

    A)  Indian Depository Receipt (IDR)

    B)  European Depository Receipt (EDR)

    C)  Global Depository Receipt (GDR)

    D) American Depository Receipt-(ADR)

    E)  Luxembourg Depository Receipt-(LDR)

    Correct Answer: A

    Solution :

     An Indian Depository Receipt (IDR) is a receipt, declaring ownership of shares of a foreign company. These receipts can be listed in India and traded in rupees. The IDRs are denominated in Indian currency and are issued by a domestic depository and the underlying equity shares are secured with a custodian.


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