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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

Related Questions on Banking Awareness Test Questions

What does 'Nomination' for a deposit account in the bank mean?

A. Mandate given by the close relatives of the depositor to settle the death claim in case of death of the depositor

B. Mandate decided by the bank to settle the death claim of its depositor

C. Mandate of the depositor in favor of one or more persons to claim the amount on death of the depositor

D. Mandate of the depositor in favor of a close relative who can claim the amount on death of the depositor