What is the correct description of ADR American Depository Receipt?
1). A certificate issued in the United States in lieu of a foreign security.
2). A certificate issued in India in lieu of a security in the United States
3). A certificate issued in the United States in lieu of an Indian security
4). A certificate issued in the Foreign in lieu of a security in the United States
The Securities Contract (Regulations) Act 1956 is not applicable to which among the following?
1). The Reserve Bank of India
2). The Government of India
3). Any local authority or corporation set up by a special law
4). Both 1 and 2
Which two bodies comprise the Securities Contracts Regulation Act?
1). State Government and Stock Exchange
2). Central Government and Stock Excahnge
3). Parliament and Stock Exchange
4). Stock Exchange
Who among the following is known as an issuer of a security?
1). Any public financial organization working for the common good of the public.
2). Any corporate / state organization issuing securities that can be held in the electronic form by the investors.
3). An organization that is issuing the securities on behalf of the corporate or state organizations.
4). An organization that is involved in the business of buying, selling and dealing in securities.
Which among the following is an organization that holds securities in the dematerialized form?
1). SEBI
2). Depository
3). Share Market Exchange
4). Depository Service Providers