Consider the following statements regarding “Investor Risk Reduction Access (IRRA)”: 1. It is launched by SEBI (Securities and Exchange Board of India). 2. Its objective is to reduce risks faced by investors during technical glitches at both the primary and disaster recovery site. Which of the statements given above is/are correct? |ForumIAS

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[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: C

Notes:

Explanation: Recently launched Investor Risk Reduction Access (IRRA) platform acts as a ‘safety net’ for investors registered with SEBI.

Its objective is to reduce risks faced by investors during technical glitches at both the primary and disaster recovery site.
To provide an opportunity to square off/close their open positions and cancel pending orders.

Source: FORUMIAS