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Question

Issue of Global Depository Receipt is one of the most popular ways to tap the global equity markets.

A
True
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B
False
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Solution

The correct option is A True
Issue of Global Depository Receipt is one of the most popular ways to tap the global equity markets- this is a true statement.GDR is a foreign currency denominated derivative instrument in the form of depository receipt created outside India and issued to non-resident investors. GDR stands for Global Depository Receipt. It is a bank certificate issued in more than one country for shares in a foreign company.

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