2. Select the right option. Dealing in Global Depository Receipts involves among other aspects a. GDRs are denominated in any currency

b. Shares are issued by a firm to be held by a depository

c. The original issuer/borrower firm pays dividend in USD

d. The GDR holders cannot convert the GDRs into the underlying shares

3. Suppose a deposit @ 12% p.a. is compounded semi-annually the effective rate will be % : a. 12.36

b. 12.52

c. 13.54

d. 12.25

4. In the context of Project Finance what does Financial Closure mean a. All the sources of funds required for the Project have been tied up

b. The Project has reached the final closure stage

c. The Project Finances are inadequate to bring the Project to closure

d. The Project is facing Bankruptcy proceedings