n NISM Certifications
XV NISM Series XV
Medium

Depository receipts issued in India and listed on an Indian stock exchange, backed by foreign shares, are known as:

Practice question from NISM XV Mock Test 5 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    American Depository Receipts (ADRs)

  2. B

    Global Depository Receipts (GDRs)

  3. Indian Depository Receipts (IDRs)

    Correct answer

  4. D

    None of the Above

Why this is the answer

Indian Depository Receipts (IDRs) are issued in India by domestic depositories and represent ownership in foreign companies. They are denominated in Indian rupees and listed on Indian stock exchanges, unlike ADRs and GDRs which are listed abroad.

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