SF Prep

MP TET (Varg 1/2/3) Current Affairs Quiz — Last 12 months

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

7 days 1 month 3 months 6 months 12 months All
1894 news · 4931 MCQs
Score: 0 / 0 attempted · 91 questions
Roadmap for self-reliance in pulses finalised at national consultation in Amlaha, Sehore
Q1

The National Pulses Consultation and Strategy Meeting of 7 February 2026 was held at the Food Legumes Research Platform in:

Show answer

Correct answer: B — Amlaha, Sehore (Madhya Pradesh)

It was held at the FLRP in Amlaha, Sehore district, Madhya Pradesh.

Q2 Advanced

Consider the following about the pulses consultation of 7 February 2026: 1. The roadmap for the pulses self-reliance mission was finalised there. 2. Shivraj Singh Chouhan outlined a plan that includes 1,000 pulse mills, seed villages and a cluster model. Which of the above is/are correct?

Show answer

Correct answer: C — Both 1 and 2

Both are correct as per the Agriculture Ministry's release.

Modi arrives in Kuala Lumpur on his first foreign visit of 2026; Anwar Ibrahim receives him and joins community event
Q3

PM Modi's visit to Malaysia on 7–8 February 2026 was his ___ visit to Malaysia since 2015.

Show answer

Correct answer: D — Third

PMO said this is the third visit of the Prime Minister to Malaysia since 2015.

Q4 Advanced

In his address in Kuala Lumpur on 7 February 2026, PM Modi described Malaysia's Indian-origin community as the world's:

Show answer

Correct answer: B — Second-largest

He said Malaysia has the second-largest Indian-origin community in the world.

Q5 Advanced

The Indian Cultural Centre in Malaysia has been named after:

Show answer

Correct answer: D — Netaji Subhas Chandra Bose

PM Modi said the Indian Cultural Centre in Malaysia was renamed after Netaji Subhas Chandra Bose in honour of Malaysian Indians who joined the INA.

India win record sixth ICC Under-19 World Cup, beating England by 100 runs in Harare final
Q6

Which team did India beat in the final of the ICC Men's Under-19 Cricket World Cup on 6 February 2026?

Show answer

Correct answer: B — England

India beat England by 100 runs in the final.

Q7 Advanced

Where was the final of the ICC Men's Under-19 Cricket World Cup 2026 played?

Show answer

Correct answer: D — Harare Sports Club, Zimbabwe

The final was played at Harare Sports Club, Harare, Zimbabwe.

Q8 Advanced

With the February 2026 triumph, how many Under-19 World Cup titles has India won?

Show answer

Correct answer: B — Six

It was India's record-extending sixth Under-19 World Cup title.

Q9 Advanced

Consider the following about the U19 World Cup 2026 final: 1. Vaibhav Sooryavanshi was Player of the Match for his 175 off 80 balls. 2. India were captained by Ayush Mhatre. Which of the above is/are correct?

Show answer

Correct answer: C — Both 1 and 2

Both are correct. Sooryavanshi scored 175 off 80 balls and Mhatre, who made 53, captained the World Cup-winning side.

Q10 Advanced

Consider the following about the U19 World Cup 2026 final: 1. India scored 411 for 9 batting first. 2. England lost by 50 runs. Which of the above is/are correct?

Show answer

Correct answer: A — 1 only

Only 1 is correct. England were bowled out for 311 and lost by 100 runs.

Election Commission briefs 1,444 Central Observers for Assembly elections in five states and UTs
Q11

How many Central Observers did the ECI brief on 5–6 February 2026 for the forthcoming Assembly elections?

Show answer

Correct answer: C — 1,444

1,444 officers attended: 714 General, 233 Police and 497 Expenditure Observers.

Q12 Advanced

Consider the following: 1. Article 324 of the Constitution vests the superintendence, direction and control of elections in the Election Commission. 2. The Central Observers briefed in February 2026 were for Assembly elections in Assam, Kerala, Puducherry, Tamil Nadu and Karnataka. Which of the above is/are correct?

Show answer

Correct answer: A — 1 only

Only 1 is correct. The fifth state was West Bengal, not Karnataka.

FASTag Annual Pass crosses 50 lakh users within six months of launch
Q13

About what share of total car transactions on the National Highway network were made through the FASTag Annual Pass, as reported on 6 February 2026?

Show answer

Correct answer: C — 28%

Around 28% of total car transactions on the NH network are now carried out through the Annual Pass.

Q14 Advanced

Which region accounted for the largest share of FASTag Annual Pass transactions, as per data released on 6 February 2026?

Show answer

Correct answer: B — Chandigarh

Chandigarh led with 14% of all Annual Pass transactions, followed by Tamil Nadu (12.3%) and Delhi (11.5%).

NSO launches beta Model Context Protocol server for eSankhyiki to make official data AI-ready
Q15

The NSO's MCP server launched on 6 February 2026 is for which national portal for official statistics?

Show answer

Correct answer: D — eSankhyiki

The beta MCP server was launched for eSankhyiki, the national portal for official statistics.

Q16 Advanced

How many data products did the beta version of NSO's MCP server include at launch on 6 February 2026?

Show answer

Correct answer: A — Seven

The beta covered seven data products: PLFS, CPI, ASI, IIP, NAS, WPI and Environmental Statistics.

Centre releases over ₹1,133 crore of Fifteenth Finance Commission grants to panchayats in MP, Punjab and Telangana
Q17

The XV FC grants of over ₹1,133 crore announced on 6 February 2026 went to panchayats in which three states?

Show answer

Correct answer: D — Madhya Pradesh, Punjab and Telangana

The grants were released to Madhya Pradesh, Punjab and Telangana.

Q18 Advanced

Consider the following about the Finance Commission under Article 280 of the Constitution: 1. It consists of a Chairman and four other members appointed by the President. 2. It recommends measures to augment a state's Consolidated Fund to supplement the resources of panchayats, based on the State Finance Commission's recommendations. Which of the above is/are correct?

Show answer

Correct answer: C — Both 1 and 2

Both are correct: Article 280(1) provides for a Chairman and four other members, and Article 280(3)(bb) covers measures to supplement panchayat resources.

INS Sudarshini concludes first port call of Lokayan 26 at Salalah, Oman
Q19

Where did INS Sudarshini make the first port call of her Lokayan 26 voyage, concluded on 5 February 2026?

Show answer

Correct answer: B — Salalah, Oman

INS Sudarshini concluded her first port call of Lokayan 26 at Salalah, Oman, on 5 February 2026.

Q20 Advanced

Consider the following about INS Sudarshini's port call at Salalah: 1. More than 600 visitors, including schoolchildren, toured the ship. 2. Royal Navy of Oman officers were given a guided tour of the ship. Which of the above is/are correct?

Show answer

Correct answer: C — Both 1 and 2

Both are correct as per the Ministry of Defence release.

India and the Gulf Cooperation Council sign Terms of Reference for a free trade agreement
Q21

Where were the Terms of Reference for the India–GCC Free Trade Agreement signed on 5 February 2026?

Show answer

Correct answer: B — Vanijya Bhawan, New Delhi

The ToR were signed at Vanijya Bhawan, New Delhi, in the presence of Commerce Minister Piyush Goyal.

Q22 Advanced

According to the Commerce Ministry, the combined GDP of the GCC countries (about US$ 2.3 trillion) ranks where globally?

Show answer

Correct answer: C — 9th

The ministry said the GCC's US$ 2.3 trillion GDP at current prices ranks 9th globally.

UPSC notifies 933 Civil Services vacancies for 2026, removes centre caps for PwBD candidates
Q23

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.

Q24 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.

Q25 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
Q26

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.

Q27 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
Q28

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.

Q29 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.

Q30 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.

India rises four places to 45th in the Network Readiness Index 2025
Q31

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.

Q32 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.

Q33 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.

Q34 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
Q35

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.

Q36 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.

Q37 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
Q38

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.

Q39 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.

India and Tanzania hold 4th Joint Defence Cooperation Committee meeting in Zanzibar
Q40

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.

Q41 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
Q42

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).

Q43 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).

Q44 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
Q45

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.

Q46 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.

Q47 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
Q48

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'.

Q49 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.

Q50 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.

Government notifies Baggage Rules, 2026, raising duty-free allowance to ₹75,000
Q51

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.

Q52 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.

Q53 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.

Q54 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).

Q55 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
Q56

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%.

Q57 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.

Q58 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.

Q59 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
Q60

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.

Q61 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.

Q62 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.

Mansukh Mandaviya launches MY Bharat Budget Quest 2026
Q63

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
Q64

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.

Q65 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.

Q66 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.

Q67 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
Q68

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.

Q69 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%.

Q70 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.

Q71 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
Q72

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.

Q73 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.

Q74 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.

Q75 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%
Q76

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%.

Q77 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.

Q78 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.

Q79 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
Q80

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.

Q81 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.

Q82 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.

Q83 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
Q84

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.

Q85 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.

Q86 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.

Q87 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
Q88

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%.

Q89 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.

Q90 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.

Q91 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?

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Correct answer: C — Both 1 and 2

Both are correct.