A) Foreign Institutional Investors (FIIs) in emerging markets running sub-accounts for investors from other markets can seek fungibility of their DRs into shares so as to sell them in the domestic markets

A) Foreign Institutional Investors (FIIs) in emerging markets running sub-accounts for investors from other markets can seek fungibility of their DRs into shares so as to sell them in the domestic markets.

(a) Yes    (b) No

B. The Registration Statement submitted to the SEC for an ADR issue shall state the underwritten price of the offer.

(a) True     (b) False

C.  The underwriters for a public issue of shares by an US company on the NYSE cannot revise the price  upwards after the effectiveness of the Registration Statement but can always revise it downwards.

(a) TRUE    (b) FALSE