Latest 9th Feb 2024 Current Affairs News for Exam Pre

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3.

Which of the following statements accurately summarizes the recent decision by the Indian Cabinet regarding telecom spectrum auctions?

A: The Cabinet has approved telecom spectrum auctions with a reserve price of Rs 96,317 crore, aligning with TRAI recommendations and government commitments to annual auctions.
B: The Cabinet has decided to postpone telecom spectrum auctions due to lower revenue projections and ongoing insolvency issues with certain companies.
C: Bharti Airtel and Reliance Jio are expected to bid aggressively in the upcoming telecom spectrum auctions to acquire additional airwaves for 5G services.
D: The Cabinet has set the reserve price for telecom spectrum auctions at Rs 50,000 crore, significantly lower than the TRAI-recommended prices.

The answer is: A