Daily Current Affairs Prelims Quiz 09-04-2025 (Online Prelims Test)
1) Consider the following statements
Statement-I: The Jaya Sri Maha Bodhi tree is regarded as the oldest living cultivated plant globally, originating from a branch taken to Sri Lanka from Bodhgaya.
Statement-II: It is a Ficus religiosa tree linked to the Bodhgaya tree under which Gautam Buddha attained enlightenment.
Select the correct answer using the codes given below
a.
b.
c.
d.
Answer : a
Jaya Sri Maha Bodhi tree
Jaya Sri Maha Bodhi tree is considered the oldest living cultivated plant in the world.
It is believed to have grown from a branch that an Indian princess carried to Sri Lanka.
This Bo (Ficus religiosa, Pipal in Hindi) tree is believed to have grown from a branch of the tree in Bodhgaya (Bihar) under which Gautam Buddha attained enlightenment.
The branch was carried to Sri Lanka by Sanghamitta (or Sanghamitra), the Mauryan king Ashoka’s daughter and Buddhist nun.
5) Consider the following statements regarding PaRRVA
PaRRVA will verify the past performance claims of investment advisors and research analysts.
Its establishment aims to prevent misleading claims and promote transparency for investors.
Which of the above statements is/are correct?
a.
b.
c.
d.
Answer : c
Past Risk and Return Verification Agency (PaRRVA)
Securities and Exchange Board of India (SEBI) issued the operational framework for Past Risk and Return Verification Agency (PaRRVA).
Purpose - It is the main verification agency that will validate past performance claims made by investment advisors, research analysts, and algo providers.
Need for verification – It prevents misleading performance claims and ensures transparency for investors.
It also standardizes risk-return calculations and protects against cherry-picking or exaggeration.