What is an Indian Depository Receipt?

a. An instrument in the form of deposit receipt issued by Indian depositories

b. An instrument in the form of depository receipt created by an Indian depository against underlying equity shares of the issuing company

c. A deposit account with a Public Sector Bank

d. A depository account with any of Depositories in India

ANSWER: An instrument in the form of depository receipt created by an Indian depository against underlying equity shares of the issuing company

Explanation:

Standard Chartered PLC became the first global company to file for an issue of Indian depository receipts in India.