Consider the following statements regarding Global Depository Receipt GDR 1 GDR can be listed and tr...........

Economic Affairs Balance of Payments

Consider the following statements regarding Global Depository Receipt (GDR):

1.GDR can be listed and traded on stock exchange.

2.It is a financial instrument used by private markets to raise capital denominated in either U.S. dollars or Euros.

3.Regulatory and other agencies suspect that GDR route is being used for bringing back suspected illicit funds slashed abroad.

Which of the above statements are correct?

1 and 2 only

2 and 3 only

1 and 3 only

All of the above

All of the above

A Global Depository Receipt (GDR) is a depositary receipt issued by a depository bank that purchases shares of foreign companies.
Indian companies can get their shares listed on foreign exchanges through GDRs. A GDR is a foreign currency-denominated negotiable instrument.