SF Prep

HPPSC HPAS Current Affairs Quiz — Last 12 months

Daily news by your exam, state and topic — each with a short summary, key facts and MCQs.

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2351 news · 5552 MCQs
Score: 0 / 0 attempted · 83 questions
UPSC notifies 933 Civil Services vacancies for 2026, removes centre caps for PwBD candidates
Q1

How many vacancies did UPSC announce for the Civil Services Examination 2026?

Show answer

Correct answer: B — 933

The 2026 notification carries 933 Civil Services vacancies; the Indian Forest Service has 80.

Q2 Advanced

Which three cities were added as UPSC Civil Services Mains examination centres for 2026?

Show answer

Correct answer: D — Bhubaneswar, Srinagar, Imphal

Mains centres rose from 24 to 27 with Bhubaneswar, Srinagar and Imphal; Meerut, Kanpur and Bhubaneswar were added for Prelims.

Q3 Advanced

Consider the following about the Union Public Service Commission under Article 316 of the Constitution: 1. The Chairman and other members of the Union Commission are appointed by the President. 2. A member of the Union Commission holds office for six years or until attaining the age of 62 years, whichever is earlier. Which of the above is/are correct?

Show answer

Correct answer: A — 1 only

Only 1 is correct. For the Union Commission the age limit in Article 316(2) is 65 years; 62 years applies to State Commissions.

National Biodiversity Authority launches portal for Certificates of Origin for cultivated medicinal plants
Q4

The digital portal launched by the National Biodiversity Authority in February 2026 issues Certificates of Origin for what?

Show answer

Correct answer: B — Cultivated medicinal plants

The portal issues Certificates of Origin to those seeking Access and Benefit Sharing exemptions for cultivated medicinal plants.

Q5 Advanced

Consider the following about the Biological Diversity (Amendment) Act, 2023: 1. The Bill was passed by the Lok Sabha on 25 July 2023 and by the Rajya Sabha on 1 August 2023. 2. The rules providing for electronic Certificates of Origin were notified before the Act was passed. Which of the above is/are correct?

Show answer

Correct answer: A — 1 only

Only 1 is correct. The Environment Ministry notified the Biological Diversity Rules in 2024 and 2025, after the 2023 amendment.

Government revises startup recognition rules: turnover cap doubled to ₹200 crore, new Deep Tech category
Q6

Under the revised startup recognition framework announced on 5 February 2026, what is the new turnover limit for a startup?

Show answer

Correct answer: D — ₹200 crore

The turnover limit for startup recognition was raised from ₹100 crore to ₹200 crore.

Q7 Advanced

What age limit from incorporation applies to the new 'Deep Tech Startup' category?

Show answer

Correct answer: C — 20 years

For Deep Tech Startups the age limit was extended from 10 to 20 years, with a turnover limit of ₹300 crore.

Q8 Advanced

Consider the following about the revised startup recognition framework (February 2026): 1. Multi-State Cooperative Societies registered under the Multi-State Cooperative Societies Act, 2002 are now eligible for startup recognition. 2. The turnover limit for a Deep Tech Startup is ₹200 crore, the same as for other startups. Which of the above is/are correct?

Show answer

Correct answer: A — 1 only

Only 1 is correct. Deep Tech Startups have a higher turnover limit of ₹300 crore; ₹200 crore applies to other startups.

Centre withdraws wheat stock limit order as private stocks and acreage rise
Q9 Advanced

Consider the following about the withdrawal of the wheat stock limit order on 5 February 2026: 1. The withdrawn order was dated 27 May 2025. 2. After withdrawal, wheat stockists no longer need to declare their stock on the food stock portal. Which of the above is/are correct?

Show answer

Correct answer: A — 1 only

Only 1 is correct. All wheat-stocking entities must still declare their stock every Friday on foodstock.dfpd.gov.in.

India rises four places to 45th in the Network Readiness Index 2025
Q10

What is India's rank in the Network Readiness Index 2025, released on 4 February 2026?

Show answer

Correct answer: B — 45th

India rose four places, from 49th in 2024 to 45th in NRI 2025.

Q11 Advanced

Which institution prepares the Network Readiness Index?

Show answer

Correct answer: D — Portulans Institute, Washington DC

The NRI 2025 report was prepared by the Portulans Institute, an independent non-profit research institute based in Washington DC.

Q12 Advanced

In NRI 2025, India's score improved to what value out of 100?

Show answer

Correct answer: B — 54.43

India's score rose from 53.63 in 2024 to 54.43 in 2025.

Q13 Advanced

Consider the following about the Network Readiness Index 2025: 1. It covers 127 economies on four pillars — Technology, People, Governance and Impact — using 53 indicators. 2. India ranked 1st among lower-middle-income countries. Which of the above is/are correct?

Show answer

Correct answer: A — 1 only

Only 1 is correct. India ranked 2nd in the lower-middle-income group.

Technology Development Board launches its first open call under the RDI Fund
Q14

Which body launched its first open call under the RDI Fund on 4 February 2026?

Show answer

Correct answer: D — Technology Development Board

The Technology Development Board (TDB) launched its first open call under ANRF's RDI Fund.

Q15 Advanced

TDB's first RDI call offers up to what share of project funding for TRL-4+ technologies?

Show answer

Correct answer: C — 50%

The call offers up to 50% project funding for technologies at TRL-4 and above.

Q16 Advanced

Consider the following about the RDI Fund: 1. TDB and BIRAC were approved as its first second-level fund managers. 2. TDB's first call offers collateral-free loans at about 2–4% interest with tenures of up to 15 years. Which of the above is/are correct?

Show answer

Correct answer: C — Both 1 and 2

Both are correct. TDB and BIRAC were approved as the first second-level fund managers in January 2026, and the first TDB call offers collateral-free loans at 2–4% for up to 15 years.

Sri Lankan President inaugurates exposition of the Devnimori relics of Lord Buddha in Colombo
Q17

Who inaugurated the exposition of the Devnimori relics of Lord Buddha in Colombo on 4 February 2026?

Show answer

Correct answer: A — President Anura Kumara Dissanayake

Sri Lankan President Anura Kumara Dissanayake inaugurated the exposition with the Gujarat Governor and Deputy Chief Minister.

Q18 Advanced

Who led the Indian delegation that accompanied the Devnimori relics to Sri Lanka in February 2026?

Show answer

Correct answer: B — Gujarat Governor Acharya Devvrat

The delegation was led by Gujarat Governor Acharya Devvrat and Deputy Chief Minister Harsh Sanghavi.

NMDC reports record iron ore production and sales up to January in FY26
Q19 Advanced

NMDC's first coal mine, inaugurated in January 2026, is Tokisud North in which state?

Show answer

Correct answer: B — Jharkhand

NMDC said its first coal mine, Tokisud North, is in Jharkhand.

India and Tanzania hold 4th Joint Defence Cooperation Committee meeting in Zanzibar
Q20

Where was the fourth India–Tanzania Joint Defence Cooperation Committee meeting held on 2–3 February 2026?

Show answer

Correct answer: D — Zanzibar

The 4th JDCC was held in Zanzibar; the 3rd had been held in Goa in November 2024.

Q21 Advanced

At the 4th India–Tanzania JDCC, the two sides agreed to start cooperation between which services, complementing existing Navy and Army ties?

Show answer

Correct answer: B — Air Forces

Both sides agreed to initiate cooperation between their Air Forces, complementing the existing Navy and Army cooperation.

MoU signed to set up Bharat Container Shipping Line; ₹15,000-crore VOC Outer Harbour financing tied up
Q22

The MoU signed on 3 February 2026 relates to the establishment of which entity?

Show answer

Correct answer: A — Bharat Container Shipping Line

The MoU was for establishing the Bharat Container Shipping Line (BCSL).

Q23 Advanced

The BCSL MoU aligns with which scheme announced in the Union Budget 2026-27?

Show answer

Correct answer: B — Container Manufacturing Assistance Scheme

The Shipping Ministry said the MoU aligns with the Container Manufacturing Assistance Scheme (CMAS).

Q24 Advanced

Consider the following about the MoUs signed on 3 February 2026: 1. The Container Corporation of India (CONCOR) is a signatory to the BCSL MoU. 2. The Outer Harbour project being financed is at Kandla (Deendayal Port). Which of the above is/are correct?

Show answer

Correct answer: A — 1 only

Only 1 is correct. The ₹15,000-crore Outer Harbour project is at V.O. Chidambaranar Port, Tuticorin.

India and Bhutan discuss Punatsangchhu projects, Sankosh and cross-border transmission till 2040
Q25

What is the capacity of the Punatsangchhu-I hydroelectric project in Bhutan, whose early commissioning India and Bhutan discussed on 3 February 2026?

Show answer

Correct answer: C — 1,200 MW

Punatsangchhu-I is 1,200 MW; Punatsangchhu-II is 1,020 MW.

Q26 Advanced

Up to which year did India and Bhutan assess cross-border transmission links in their February 2026 talks?

Show answer

Correct answer: C — 2040

The two sides assessed cross-border transmission links till 2040.

Q27 Advanced

Consider the following, as stated by the Power Ministry in February 2026: 1. India–Bhutan hydropower cooperation began in 1961. 2. India and Bhutan signed an agreement on hydroelectric power cooperation in 2006. Which of the above is/are correct?

Show answer

Correct answer: C — Both 1 and 2

Both are correct as per the Power Ministry release.

Health Minister Nadda releases India's first nationally developed evidence-based cancer guidelines, on lung cancer
Q28

The evidence-based guidelines released by the Health Minister on 3 February 2026 relate to which cancer?

Show answer

Correct answer: D — Lung cancer

J.P. Nadda released the 'Lung Cancer Treatment and Palliation: Evidence-Based Guidelines'.

Q29 Advanced

How many evidence-based recommendations do the lung cancer guidelines released in February 2026 contain?

Show answer

Correct answer: C — 15

The guidelines contain 15 evidence-based recommendations on treatment and palliative care.

Q30 Advanced

Consider the following about the lung cancer guidelines released in February 2026: 1. They were developed by the Department of Health Research and the Directorate General of Health Services with partner institutions. 2. They were released at Nirman Bhawan on World Cancer Day itself. Which of the above is/are correct?

Show answer

Correct answer: A — 1 only

Only 1 is correct. The guidelines were released at Kartavya Bhavan on 3 February 2026, the eve of World Cancer Day.

SAIL posts record April–January sales of 16.6 million tonnes in FY26
Q31

What were SAIL's record cumulative sales for April–January FY 2025-26, announced on 3 February 2026?

Show answer

Correct answer: B — 16.6 million tonnes

SAIL sold 16.6 MT in April–January FY26, up 16% from 14.3 MT a year earlier.

Mandaviya lays foundation for six Khelo India sports projects, opens two facilities at NIS Patiala
Q32

Under which scheme are the six sports infrastructure projects whose foundation stones were laid on 3 February 2026 being implemented?

Show answer

Correct answer: A — Khelo India Scheme

The six projects, costing ₹82 crore, are under the Khelo India Scheme with SAI support.

Government notifies Baggage Rules, 2026, raising duty-free allowance to ₹75,000
Q33

Under the Baggage Rules, 2026 notified on 2 February 2026, what is the general duty-free allowance for a resident passenger?

Show answer

Correct answer: C — ₹75,000

Residents, tourists of Indian origin and foreigners with a non-tourist visa get a ₹75,000 duty-free allowance.

Q34 Advanced

What duty-free allowance do the Baggage Rules, 2026 give a tourist of foreign origin?

Show answer

Correct answer: D — ₹25,000

Tourists of foreign origin get ₹25,000; crew members get ₹2,500.

Q35 Advanced

Under the weight-based jewellery allowance in the Baggage Rules, 2026, how much duty-free jewellery can an eligible female passenger bring?

Show answer

Correct answer: B — Up to 40 grams

Eligible female passengers may bring up to 40 g and others up to 20 g; the old value caps were removed.

Q36 Advanced

Under the Baggage Rules, 2026, what is the transfer-of-residence cap for a person returning after more than two years abroad?

Show answer

Correct answer: C — ₹7.5 lakh

The caps are ₹1.5 lakh (up to 12 months), ₹3 lakh (1–2 years) and ₹7.5 lakh (above 2 years).

Q37 Advanced

Consider the following about the Baggage Rules, 2026: 1. Duty-free import of one laptop by passengers above 18 years has been incorporated into the Rules. 2. Passengers arriving by land borders are entitled to the same ₹75,000 general allowance as air passengers. Which of the above is/are correct?

Show answer

Correct answer: A — 1 only

Only 1 is correct. Passengers arriving by land borders do not get any general duty-free allowance.

Trump cuts US tariff on Indian goods to 18% after call with PM Modi
Q38

On 2 February 2026, President Trump announced that the US reciprocal tariff on Indian goods would be cut to 18% from what level?

Show answer

Correct answer: B — 25%

Trump said the reciprocal tariff would fall from 25% to 18%.

Q39 Advanced

The separate additional 25% US tariff on Indian goods, which the White House said on 2 February 2026 would be dropped, had been imposed over what?

Show answer

Correct answer: D — India's purchases of Russian oil

The additional 25% tariff was imposed in August 2025 over India's purchases of Russian oil.

Q40 Advanced

According to CNN, President Trump said on 2 February 2026 that India would replace its Russian crude imports with oil from which countries?

Show answer

Correct answer: B — The United States and Venezuela

CNN reported Trump said Modi agreed to replace Russian crude with oil from Venezuela and the United States.

Q41 Advanced

Consider the following about the US tariff announcement of 2 February 2026: 1. With the additional 25% tariff also dropped, the combined US tariff on Indian goods falls from 50% to 18%. 2. PM Modi's post on X confirmed that India would stop buying Russian oil. Which of the above is/are correct?

Show answer

Correct answer: A — 1 only

Only 1 is correct. Modi's X post thanked Trump for the 18% tariff but did not mention Russian oil.

Yantra India Limited granted Miniratna Category-I status
Q42

Miniratna Category-I status, granted to Yantra India Limited in February 2026, allows its board to approve capital expenditure up to what amount without government approval?

Show answer

Correct answer: D — ₹500 crore

Miniratna Category-I status empowers the board to incur capex up to ₹500 crore without government approval.

Q43 Advanced

Yantra India Limited was formed when the Ordnance Factory Board was corporatised on 1 October 2021 into how many new DPSUs?

Show answer

Correct answer: B — Seven

The Ordnance Factory Board was corporatised into seven new DPSUs on 1 October 2021.

Q44 Advanced

Consider the following about Yantra India Limited: 1. It is a Schedule 'A' DPSU under the Department of Defence Production. 2. It was the first of the DPSUs carved out of the Ordnance Factory Board to receive Miniratna Category-I status. Which of the above is/are correct?

Show answer

Correct answer: A — 1 only

Only 1 is correct. Munitions India, Armoured Vehicles Nigam and India Optel received Miniratna-I status earlier, in May 2025.

MoSPI seeks feedback on draft questionnaire for Rapid Survey on Functional Cooperatives
Q45 Advanced

What is the sampling frame for MoSPI's Rapid Survey on Functional Cooperatives, proposed to start in April 2026?

Show answer

Correct answer: A — National Cooperative Database

The survey's sampling frame is the National Cooperative Database, using the list of functional cooperatives from the Ministry of Cooperation.

Hari Shankar Verma takes charge as Member (Operations and Business Development), Railway Board
Q46

Which post did Hari Shankar Verma take charge of on 2 February 2026?

Show answer

Correct answer: D — Member (Operations and Business Development), Railway Board

Verma, a 1987-batch IRTS officer, became Member (Operations and Business Development), Railway Board; he was earlier DG (Safety).

SAIL and RITES sign MoU for diesel locomotive leasing and maintenance
Q47

SAIL signed an MoU with RITES on 2 February 2026 mainly for what?

Show answer

Correct answer: A — Leasing and maintenance of diesel locomotives

The MoU covers diesel locomotive leasing and maintenance for SAIL's internal rail network at plants and mines.

Mansukh Mandaviya launches MY Bharat Budget Quest 2026
Q48

What reward do the winners of MY Bharat Budget Quest 2026 get?

Show answer

Correct answer: D — A chance to interact with the Prime Minister

The winners will get to interact with the Prime Minister.

Defence gets record ₹7.85 lakh crore in Budget 2026-27, 15.19% above last year's BE
Q49

How much was allocated to the Ministry of Defence in the Union Budget 2026-27?

Show answer

Correct answer: B — ₹7.85 lakh crore

The Ministry of Defence got a record ₹7.85 lakh crore.

Q50 Advanced

What is the defence capital outlay in the Union Budget 2026-27?

Show answer

Correct answer: D — ₹2.19 lakh crore

Capital expenditure got ₹2.19 lakh crore, up from ₹1.80 lakh crore in BE 2025-26; ₹1.39 lakh crore is for domestic industry.

Q51 Advanced

The defence allocation in the Union Budget 2026-27 is what share of the estimated GDP for 2026-27?

Show answer

Correct answer: C — 2%

The ₹7.85 lakh crore allocation is 2% of estimated GDP.

Q52 Advanced

Consider the following about the defence budget for 2026-27: 1. It accounts for 14.67% of Central Government expenditure, the highest among ministries. 2. The allocation for the Ex-Servicemen Contributory Health Scheme was cut compared with BE 2025-26. Which of the above is/are correct?

Show answer

Correct answer: A — 1 only

Only 1 is correct. ECHS got ₹12,100 crore, 45.49% higher than BE 2025-26.

Budget 2026-27: Income Tax Act 2025 from April 2026, TCS cut to 2%, IT safe harbour widened
Q53

From when does the new Income Tax Act, 2025 come into effect, as confirmed in the Union Budget 2026-27?

Show answer

Correct answer: B — 1 April 2026

The Income Tax Act, 2025 comes into effect from 1 April 2026.

Q54 Advanced

To what rate did the Union Budget 2026-27 cut TCS on LRS remittances for education and medical purposes?

Show answer

Correct answer: C — 2%

TCS on LRS remittances for education and medical purposes was cut to 2% from 5%.

Q55 Advanced

The Union Budget 2026-27 raised the threshold for availing safe harbour for IT services from ₹300 crore to:

Show answer

Correct answer: B — ₹2,000 crore

The safe-harbour threshold for IT services was raised from ₹300 crore to ₹2,000 crore, with a common 15.5% margin.

Q56 Advanced

Consider the following direct tax proposals in the Union Budget 2026-27: 1. Interest awarded by a Motor Accident Claims Tribunal to a natural person will be exempt from income tax. 2. The time for revising income tax returns is cut from 31 December to 30 September. Which of the above is/are correct?

Show answer

Correct answer: A — 1 only

Only 1 is correct. The time to revise returns was extended from 31 December to 31 March, with a nominal fee.

Budget 2026-27 launches Biopharma SHAKTI, ISM 2.0, Rare Earth Corridors and container scheme
Q57

What outlay did the Union Budget 2026-27 announce for Biopharma SHAKTI?

Show answer

Correct answer: D — ₹10,000 crore over 5 years

Biopharma SHAKTI has an outlay of ₹10,000 crore over the next five years.

Q58 Advanced

Which of the following states is NOT among those to be supported by the dedicated Rare Earth Corridors announced in the Union Budget 2026-27?

Show answer

Correct answer: A — Jharkhand

The Rare Earth Corridors will support Odisha, Kerala, Andhra Pradesh and Tamil Nadu.

Q59 Advanced

To what amount did the Union Budget 2026-27 raise the outlay of the Electronics Components Manufacturing Scheme?

Show answer

Correct answer: B — ₹40,000 crore

The Electronics Components Manufacturing Scheme outlay was increased to ₹40,000 crore.

Q60 Advanced

Consider the following about Biopharma SHAKTI, announced in the Union Budget 2026-27: 1. It includes creating three new National Institutes of Pharmaceutical Education and Research and upgrading seven existing ones. 2. It plans a network of over 1,000 accredited India Clinical Trials sites. Which of the above is/are correct?

Show answer

Correct answer: C — Both 1 and 2

Both are correct.

Government accepts 16th Finance Commission's recommendation to keep states' share at 41%
Q61

At what level did the government, in the Budget 2026-27, agree to retain the states' vertical share of devolution as recommended by the 16th Finance Commission?

Show answer

Correct answer: C — 41%

The government accepted the 16th Finance Commission's recommendation to retain the vertical share at 41%.

Q62 Advanced

How much did the Union Budget 2026-27 provide to states for 2026-27 as Finance Commission grants?

Show answer

Correct answer: D — ₹1.4 lakh crore

₹1.4 lakh crore was provided as Finance Commission grants, as recommended by the 16th Finance Commission.

Q63 Advanced

Consider the following about the Finance Commission grants announced in the Budget 2026-27: 1. They include grants for both rural and urban local bodies. 2. They exclude disaster management grants, which are now funded separately. Which of the above is/are correct?

Show answer

Correct answer: A — 1 only

Only 1 is correct. The ₹1.4 lakh crore includes rural and urban local body grants and disaster management grants.

Q64 Advanced

The sharing of the net proceeds of Union taxes between the Union and the states, on which the Finance Commission's 'vertical devolution' recommendation applies, is provided under which Article?

Show answer

Correct answer: A — Article 270

Article 270 provides for the net proceeds of Union taxes and duties to be distributed between the Union and the states.

Budget 2026-27 raises public capex to ₹12.2 lakh crore, sets up Infrastructure Risk Guarantee Fund
Q65

What public capital expenditure did the Union Budget 2026-27 propose for 2026-27?

Show answer

Correct answer: D — ₹12.2 lakh crore

Public capex was raised to ₹12.2 lakh crore for 2026-27.

Q66 Advanced

Which new fund did the Union Budget 2026-27 announce to reassure private developers about construction-phase risks?

Show answer

Correct answer: A — Infrastructure Risk Guarantee Fund

The Budget announced an Infrastructure Risk Guarantee Fund for risks during development and construction.

Q67 Advanced

Under the Union Budget 2026-27, how much will each City Economic Region get for implementing its plan?

Show answer

Correct answer: B — ₹5,000 crore over 5 years

Each City Economic Region gets ₹5,000 crore over five years through a challenge mode with results-based financing.

Q68 Advanced

Consider the following about the Union Budget 2026-27: 1. A ₹100 crore incentive is offered to a city for a single municipal bond issue of more than ₹1,000 crore. 2. Dedicated REITs are proposed to recycle real-estate assets of CPSEs. Which of the above is/are correct?

Show answer

Correct answer: C — Both 1 and 2

Both are correct, as listed in the Budget highlights.

Budget 2026-27: record ₹2.93 lakh crore rail capex, seven high-speed corridors, Dankuni–Surat freight corridor
Q69

What record capital expenditure was planned for Indian Railways in the Union Budget 2026-27?

Show answer

Correct answer: A — ₹2,93,030 crore

A record capex of ₹2,93,030 crore was planned for Indian Railways.

Q70 Advanced

The new dedicated freight corridor announced in the Union Budget 2026-27 will connect Dankuni with which city?

Show answer

Correct answer: B — Surat

The 2,052 km dedicated freight corridor will link Dankuni in the east with Surat in the west.

Q71 Advanced

Which of the following is NOT among the seven high-speed rail corridors announced in the Union Budget 2026-27?

Show answer

Correct answer: D — Delhi–Amritsar

The seven are Mumbai–Pune, Pune–Hyderabad, Hyderabad–Bengaluru, Hyderabad–Chennai, Chennai–Bengaluru, Delhi–Varanasi and Varanasi–Siliguri.

Q72 Advanced

Consider the following about the transport proposals in the Union Budget 2026-27: 1. The rollout of 20 new National Waterways will begin with NW-5 in Odisha, linking Talcher and Angul to the ports of Paradip and Dhamra. 2. The Coastal Cargo Promotion Scheme aims to raise the share of inland waterways and coastal shipping to 12% by 2047. Which of the above is/are correct?

Show answer

Correct answer: C — Both 1 and 2

Both are correct; the target is to raise the share from 6% to 12% by 2047.

Budget 2026-27 halves duty on personal imports to 10%, exempts 17 cancer drugs from customs duty
Q73

The Union Budget 2026-27 proposed reducing the tariff on all dutiable goods imported for personal use from 20% to:

Show answer

Correct answer: B — 10%

The tariff on dutiable goods imported for personal use is to fall from 20% to 10%.

Q74 Advanced

How many drugs or medicines, particularly for cancer patients, did the Union Budget 2026-27 propose to exempt from basic customs duty?

Show answer

Correct answer: C — 17

BCD is to be exempted on 17 drugs or medicines; separately, 7 more rare diseases were added for personal-import exemptions.

Q75 Advanced

Under the Union Budget 2026-27, until which year has the basic customs duty exemption on goods for nuclear power projects been extended?

Show answer

Correct answer: C — 2035

The exemption was extended till 2035 and expanded to all nuclear plants irrespective of capacity.

Q76 Advanced

Consider the following customs proposals in the Union Budget 2026-27: 1. The duty-deferral period for Tier 2 and Tier 3 Authorised Economic Operators is raised from 15 to 30 days. 2. The limit for duty-free inputs for seafood exports is raised from 1% to 3% of the previous year's FOB export turnover. Which of the above is/are correct?

Show answer

Correct answer: C — Both 1 and 2

Both are correct.

Union Budget 2026-27 sets fiscal deficit at 4.3% of GDP; debt-to-GDP at 55.6%
Q77

What fiscal deficit target, as a share of GDP, did the Union Budget 2026-27 set for 2026-27?

Show answer

Correct answer: B — 4.3%

The fiscal deficit in BE 2026-27 is estimated at 4.3% of GDP; RE 2025-26 is 4.4%.

Q78 Advanced

According to the Union Budget 2026-27, what is the Centre's debt-to-GDP ratio estimated at in BE 2026-27?

Show answer

Correct answer: C — 55.6%

Debt-to-GDP is estimated at 55.6% in BE 2026-27, down from 56.1% in RE 2025-26.

Q79 Advanced

What is the total expenditure estimated in the Union Budget 2026-27?

Show answer

Correct answer: D — ₹53.5 lakh crore

Total expenditure is estimated at ₹53.5 lakh crore in BE 2026-27; ₹49.6 lakh crore is the RE for 2025-26.

Q80 Advanced

Consider the following about the Union Budget 2026-27: 1. The government says India is on track to bring the debt-to-GDP ratio to 50±1% by 2030-31. 2. The fiscal deficit for 2025-26 in the Revised Estimates was higher than the Budget Estimate of 4.4%. Which of the above is/are correct?

Show answer

Correct answer: A — 1 only

Only 1 is correct. RE 2025-26 kept the fiscal deficit at par with BE 2025-26, at 4.4% of GDP.

Q81 Advanced

The Union Budget is constitutionally the 'annual financial statement' laid before both Houses of Parliament. Which Article of the Constitution provides for it?

Show answer

Correct answer: B — Article 112

Article 112 requires the President to cause a statement of estimated receipts and expenditure for each financial year — the annual financial statement — to be laid before both Houses.

Carlos Alcaraz beats Djokovic to win Australian Open 2026, becomes youngest man to complete career Grand Slam
Q82

Whom did Carlos Alcaraz beat in the Australian Open 2026 men's singles final on 1 February 2026?

Show answer

Correct answer: B — Novak Djokovic

Alcaraz beat Novak Djokovic 2-6, 6-2, 6-3, 7-5.

Q83 Advanced

With his Australian Open 2026 title, Carlos Alcaraz became the youngest man to achieve what?

Show answer

Correct answer: C — Complete a career Grand Slam

By winning his first Australian Open, the 22-year-old became the youngest man to win all four majors — a career Grand Slam.