Select the correct code of the following statements being correct or incorrect. Statement (I) : A Global Depositary Receipt (GDR) is a bank certificate issued in more than one country for shares in a foreign company. Statement (II) : A GDR is very similar to American Depositary Receipt (ADR) Statement (III) : GDRs are called EDRs when private markets are attempting to obtain Euros.

Select the correct code of the following statements being correct or incorrect. Statement (I) : A Global Depositary Receipt (GDR) is a bank certificate issued in more than one country for shares in a foreign company. Statement (II) : A GDR is very similar to American Depositary Receipt (ADR) Statement (III) : GDRs are called EDRs when private markets are attempting to obtain Euros. Correct Answer Statements (I), (II) and (III) are correct.

Related Questions

Select the correct answer of the following statements
Statement (I): A Global Depositary Receipt (GDR) is a bank certificate issued in more than one country for shares in a foreign company.
Statement (II): A GDR is similar to American Depositary Receipt (ADR).
Statement (III): GDRs are called EDRs when private markets are anempting to obtain euros.
Two statements are followed by three Conclusions I, II and III. You have to consider the statements to be true, even if they seem to be at variance from commonly known facts. You are to decide which of the given conclusions can definitely be drawn from the given statements and indicate your answer accordingly. Statements: I. One of the biggest acquisitions in the Indian patient-care industry, the Rs. 4,500-crore Fortis-IHH deal could intensify competitive intensity in the space, with declines Friday in the shares of Apollo Hospitals, Healthcare Global, Max India and Narayana Hrudayalaya pointing to potential challenges for the incumbents.  II. After the completion of the deal, the IHH-Fortis group of hospitals will be among the biggest in the country, competing directly with some of the large listed hospital chains. The BSE Healthcare index also fell Friday, with hospital stocks at the vanguard of the downward journey.  Conclusions: I. Hospitals will be challenged as they will have to face someone like IHH, which has deep pockets and will be going into markets where they are present. II. Shares of Apollo, currently the largest hospital chain in India, fell more than 2%, closing at Rs. 975, followed by Max India that lost by 2.40%. III. Both are direct competitors of Fortis, Narayana and Healthcare Global also fell after the buyout announcement.