Q1. What is the estimated gross market borrowing planned by the Government of India for FY 2026–27? A. ₹14.2 trillionB. ₹15.8 trillionC. ₹16.5 trillionD. ₹17.2 trillion ✅ Answer: D. ₹17.2 trillion Q2. What is the primary objective of the Public Sector Banks (PSB) Conclave planned by the Government in February 2026? A. Merging small banksB….
🔎 National News (India) Public Sector Banks (PSB) Strategic Roadmap Meet Government to host a PSB conclave in February 2026. Objective: Draft strategic plans to transform Indian PSBs into globally competitive lenders under “Viksit Bharat 2047” vision. Focus areas: Capital adequacy, global expansion, digitisation, asset quality improvement, and international banking networks. Major Government Borrowing Plan…
Q1. India and the United States finalized a major trade agreement on 03.02.2026. What is the revised average tariff rate on Indian exports to the U.S. after the agreement? A. 10%B. 18%C. 25%D. 30% ✅ Answer: B. 18% Q2. Under the India-US trade agreement, India committed to purchasing goods worth approximately how much from the…
🗞️ National Current Affairs (India) India-US Trade Agreement Reduces Tariffs and Promotes Growth On 03.02.2026, India and the United States finalized a major trade deal to reduce U.S. tariffs on Indian exports from around 50% to 18%, aiming to boost bilateral trade volume and reduce global uncertainty in markets. India agreed to increase purchases of…
Q1. What is the fiscal deficit target announced in the Union Budget 2026–27? A. 4.9% of GDPB. 4.6% of GDPC. 4.3% of GDPD. 4.0% of GDP ✅ Correct Answer: C. 4.3% of GDP Q2. What is the total expenditure outlay of the Union Budget 2026–27? A. ₹48.5 trillionB. ₹51.9 trillionC. ₹53.47 trillionD. ₹56.2 trillion ✅…
🗞️ NATIONAL AFFAIRS UNION BUDGET 2026-27 PRESENTED Finance Minister Nirmala Sitharaman presented India’s Union Budget 2026-27 with fiscal deficit target of 4.3% of GDP, capital expenditure at ₹12.2 trillion, and total outlay of ₹53.47 trillion. Focus on boosting domestic manufacturing, semiconductors (₹400 billion), bio-pharma (₹100 billion)and creation of green energy & startup incentives. Income tax…
Q1. Who presented the Union Budget 2026–27 in Parliament? A. Amit ShahB. Nirmala SitharamanC. Rajnath SinghD. Piyush Goyal ✅ Answer: B. Nirmala Sitharaman Q2. What is the fiscal deficit target set for FY 2026–27 in the Union Budget? A. 5.1% of GDPB. 4.8% of GDPC. 4.3% of GDPD. 3.9% of GDP ✅ Answer: C. 4.3%…
📌 NATIONAL AFFAIRS 🔹 Union Budget 2026-27 (Presented on 01.02.2026) Finance Minister: Nirmala Sitharaman presented the Union Budget 2026-27 in Parliament, marking her ninth consecutive Budget. Fiscal Deficit Target FY 2026-27: Set at 4.3% of GDP (reduced from 4.4% in FY25-26). Capital Expenditure: Increased to ₹12.2 lakh crore, the highest ever, accounting for 4.4% of…
Q1. On which date was the Union Budget 2026–27 presented in India? A. 30 January 2026B. 01 February 2026C. 02 February 2026D. 31 January 2026 ✅ Correct Answer: B. 01 February 2026 Q2. What was the approximate fiscal deficit target announced in the Union Budget 2026–27? A. 5.2% of GDPB. 4.9% of GDPC. 4.5% of…
1. National Affairs (India) 1.1 Union Budget 2026–27 Highlights Union Budget 2026–27 presented on 01 February 2026 by the Union Finance Minister of India. Fiscal Deficit Target: Approximately 4.5% of GDP, aligned with medium-term fiscal consolidation. Capital Expenditure Allocation: Increased by over 10%, focusing on railways, highways, and digital infrastructure. Agriculture & Rural Development: Enhanced…
