A depository receipt traded in ________ is called American Depository Receipt.
Q.1 (A) (ii) A depository receipt traded in ________ is called American Depository Receipt.
A. London
B. Japan
C. U.S.A.
1 answer
Best answer
Answer: C. U.S.A.
Answer: (c) U.S.A. — A depository receipt traded in U.S.A. is called American Depository Receipt.
An Indian company can raise foreign capital by issuing depository receipts. Depository receipts issued and listed on stock exchanges in the U.S.A. and denominated in US dollars are American Depository Receipts (ADRs); those traded in other countries (e.g. London, Luxembourg) are Global Depository Receipts (GDRs).
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· 28 Oct 2026
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