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Question

Many a times we read a term in financial newspapers -GDR. What is the full form of the same?

A
Gross Domestic Revenue
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B
Global Domestic Ratio
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C
Global Depository Receipts
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D
Gross Depository Revenue
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Solution

The correct option is D Global Depository Receipts
A global depository receipt is a general name for a depositary receipt where a certificate issued by a depository bank, which purchases shares of foreign companies, creates a security on a local exchange backed by those shares

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