Multiple Choice Questions on Consider the following statements I Indian companies listed or unlisted can raise for........... for Bihar civil service (BPSC) Preparation

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Multiple Choice Questions

Consider the following statements I Indian companies listed or unlisted can raise for...........

Indian Economic System(BPSC) Financial System
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    Consider the following statements:

    I.    Indian companies, listed or unlisted can raise foreign currency resources abroad through the issue of ADRs/GDRs.

    II.    Indian company, which has been restrained from accessing the securities market by SEBI is not eligible to issue ADRs/GDRs

    III.    There are no end-use restrictions on GDR/ADR issue proceeds

    Choose the correct option:

    I only

    Incorrect Answer

    II only

    II Only

    Correct Answer

    I & II only

    Incorrect Answer

    I, II & III

    Incorrect Answer
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    Explanation:

     A global depository receipt (GDR), also known as international depository receipt (IDR), is a certificate issued by a depository bank, which purchases shares of foreign companies and deposits it on the account. They are the global equivalent of the original American depository receipts (ADR) on which they are based.

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