SMS, contacts and internet access for a simple game? No chance I would install this or even recommend this.
We need the internet access, so that we can add more quizzes to the app. We will be adding new quizzes every week. We provide carrier billing with our app. So we need that SMS permission. Contact permission is required for integrating with Openfeint. Sorry to ask for these permissions. We take your privacy very seriously.
There is no privacy policy. Your company website is void of any information. I have no idea who you are, where you are and how you finance yourself. While I should not trust you any more if those things were fixed, I probably would.
Make sure you put the information about why what permission is required on the market page.