UGC NET Commerce Q91

Question

Select the correct code of the following statements being correct or incorrect.
Statement (I): A Global Depositary Receipt (GDR) is a bank certificate issued in more than one country for shares in a foreign company.
Statement (II): A GDR is very similar to American Depositary Receipt (ADR)
Statement (III): GDRs are called EDRs when private markets are attempting to obtain Euros.