India's telecom revolution is a major outcome of liberalisation. Which regulatory authority was established in 1997 to oversee the telecom sector?
- AOption (a)
SEBI
- BOption (b)
NABARD
- COption (c)
IRDAI
- DOption (d)
TRAI
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Correct answer
TRAI
Why this answer is correct
The correct answer is TRAI.

Key Points
- The Telecom Regulatory Authority of India (TRAI) was established in the year 1997 under the Telecom Regulatory Authority of India Act, 1997.
- TRAI was formed to regulate the telecommunication services in India and to promote fair competition in the telecom sector.
- The authority ensures that the interests of both service providers and consumers are protected. It also monitors the quality of service provided by the telecom operators.
- TRAI provides recommendations to the Government on matters related to licenses, spectrum allocation, and tariffs.
- The organization plays a pivotal role in the growth and development of the telecom industry in India, especially after the liberalization policies were implemented.
- It also aims at ensuring the availability of affordable telecom services to the common people, thus contributing to the telecom revolution in India.

Additional Information
- SEBI
- SEBI stands for the Securities and Exchange Board of India.
- It was established in 1988 and given statutory powers in 1992 under the SEBI Act, 1992.
- SEBI regulates the securities market in India to protect the interests of investors and to promote the development of the securities market.
- NABARD
- NABARD stands for National Bank for Agriculture and Rural Development.
- It was established in 1982 under the NABARD Act, 1981.
- NABARD focuses on providing credit and other facilities for the promotion of agriculture, small-scale industries, and rural development in India.
- IRDAI
- IRDAI stands for Insurance Regulatory and Development Authority of India.
- It was established in 1999 under the IRDA Act, 1999.
- The IRDAI regulates and promotes the insurance industry in India to protect the interests of policyholders.





































































