Level 1 is the most basic type of ADR where the foreign company
A. Does not wish its ADR to be listed on an exchange
B. Does not wish its ADR to be listed on an U.S. exchange
C. Wishes its ADR to be listed on any exchange around the world
D. Wishes its ADR to be listed on any exchange other than U.S. exchanges
Answer: Does not wish its ADR to be listed on an exchange
More Financial Law MCQs and Answers
29. Bank rate means
34. Which one of the following Banks in India had started the special promotional and developmental activities to meet the twin objectives of balanced regional development and accelerated industrial growth in the country?
35. Which one of the following development Financial Institutions in India has started the special refinance scheme for the resettlement and rehabilitation of Voluntary Retired workers of the National Textile Corporation (NIC)?