Question

According to the rules, what is the pricing mechanism for ADR/GDR issues?

a.

Determined by the market conditions

b.

Set by the Securities and Exchange Board of India (SEBI)

c.

Based on the company's preference

d.

Made at a price determined under the provisions of the Scheme and guidelines issued by the Government of India and RBI

Answer: (d).Made at a price determined under the provisions of the Scheme and guidelines issued by the Government of India and RBI Explanation:Pricing of ADR/GDR issues should be made at a price determined under the provisions of the Scheme and guidelines issued by the Government of India and RBI.

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Q. According to the rules, what is the pricing mechanism for ADR/GDR issues?

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