QUIZ – 2017: Insights Current Affairs Quiz,13 July 2018

Solution: b.

About the Telecom Commission (DoT): The Telecom Commission was set up by the Government of India vide a resolution with administrative and financial powers of the Government of India to deal with various aspects of Telecommunications (Formulating the policy of DoT; Preparing the budget for DoT for each financial year; and Implementation of Government’s policy in all matters concerning telecommunication). It consists of a Chairman, four full time members and four part time members. The Secretary to the Government of India in the Department of Telecommunications is the ex-officio Chairman.

About TRAI (TRAI): The entry of private service providers brought with it the inevitable need for independent regulation. The Telecom Regulatory Authority of India (TRAI) was, thus, established with effect from 20th February 1997 by an Act of Parliament, called the Telecom Regulatory Authority of India Act, 1997, to regulate telecom services, including fixation/revision of tariffs for telecom services which were earlier vested in the Central Government.

In the news: TH;

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Solution: c.
IUCN justification (IUCN): Listed as Endangered because its population size is estimated to number fewer than 2,500 mature individuals, there is an observed continuing decline in the number of mature individuals, and no subpopulation contains more than 250 mature individuals.

In the news (TH): The antics of the sure-footed Nilgiri tahr are a treat to watch, but these endangered wild mountain goats – found only in high altitudes in India’s Western Ghats — could be losing their footing with increasing climate change. Even under moderate scenarios of future climate change, tahrs could lose approximately 60% of their habitats from the 2030s on, predict scientists in their study in Ecological Engineering, an international journal that emphasises the need for ecological restoration.

Solution: c.

It is a tiger reserve in Tamil Nadu.

ENVIS Centre on Wildlife and Protected Areas;

Source: Same TH article (Q2);

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Solution: d.

India-Iran enjoys economic and commercial ties covering many sectors though it has traditionally been dominated by Indian import of Iranian crude oil. India continued to engage with Iran at the time of sanctions. The India-Iran bilateral trade during the fiscal year 2016-17 was USD 12.89 billion. India imported USD 10.5 billion worth of goods mainly crude oil and exported commodities worth USD 2.4 billion. Major Indian exports to Iran include rice, tea, iron and steel, organic chemicals, metals, electrical machinery, drugs/pharmaceuticals, etc.

MEA: India-Iran;

Improvisation: TH;

Solution: a.

Anchor investors are institutional investors who are offered shares in an IPO a day before the offer opens. As the name suggests, they are supposed to ‘anchor’ the issue by agreeing to subscribe to shares at a fixed price so that other investors may know that there is demand for the shares offered. Each anchor investor has to put a minimum of ₹10 crore in the issue. SEBI introduced the concept of anchor investors in IPOs in 2009.

In the news (TH): SEBI, in its board meeting held recently, decided that the minimum anchor investor size would be reduced from ₹10 crore to ₹2 crore for SME IPOs. Merchant bankers say that while the appetite for SME IPOs is steadily increasing among institutional investors, anchor portion was an issue due to the individual base minimum requirement of ₹10 crore.

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