Economics · Capital Markets
Which of the following statements about 'Global Depository Receipts' (GDRs) is correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1They are investments made by foreign public sector banks into domestic debt securities
- 2They are sovereign instruments used by the Government of India to borrow from foreign sources
- 3They serve as a means of direct external commercial borrowing for foreign companies
- 4They represent equity shares of local companies issued to investors in international markets✓
Correct answer
They represent equity shares of local companies issued to investors in international markets
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