Q. What is an Indian Depository Receipt ?

A) A depository account with any of the Depositories in india

B) A deposit account with a Public sector Bank

C) An instrument in the form of deposit receipt issued by indian depositories

D) An instrument in the form of depository receipt created by an Indian depository against underlying equity shares of the issuing company

✔ Correct Answer: An instrument in the form of depository receipt created by an Indian depository against underlying equity shares of the issuing company

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