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      Question

      What is the full form of PaRRVA, the new system

      introduced by SEBI?
      A Past Risk and Return Validation Authority Correct Answer Incorrect Answer
      B Past Risk and Return Verified Agency Correct Answer Incorrect Answer
      C Performance and Return Review Verification Agency Correct Answer Incorrect Answer
      D Past Return and Risk Validation Act Correct Answer Incorrect Answer
      E Past Risk and Return Verification Agency Correct Answer Incorrect Answer

      Solution

      SEBI launched the Past Risk and Return Verification Agency (PaRRVA) to independently verify performance claims made by market intermediaries, thereby improving transparency and curbing misleading data.

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