What is a Global Depository Receipt?

CA Foundation · Business Economics · MTP · May 2026
What is a Global Depository Receipt?
(A) A. It is a receipt issued by multinational banks on deposit of money.
(B) B. It is a receipt issued by stock exchange to bank clearing mechanism.
(C) C. It is a receipt issued by an overseas bank is lieu of shares of a domestic company.
(D) D. It is a receipt issued by stock exchange on investment by foreign portfolio investor.

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. It is a receipt issued by an overseas bank is lieu of shares of a domestic company.

Topics: International Trade

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