Question

a foreign Company "Zeta Ltd" . want to collect money from capital market in India . the finance manager of the company , Mr robot want to issue of financial instrument which instead of being in dollar Shall be denominated in rupees. Pick out the financial instrument being referred to in the the above lines :-

(A) ADR
(B) GDR
(C) ICD
(D) IDR​

Answer 1

Answer:

ADR - american depository recipt

GDR - global depository receipt

ICD - islamic certificates of deposit

IDR - INDIAN DEPOSITORY RECEIPT IS THE ANSWER as india alone has rupee denomination compared to above 3.