Business Studies

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


ANSWER

True


SOLUTION
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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