Q1. What is the fiscal deficit target announced in the Union Budget 2026–27?
A. 4.9% of GDP
B. 4.6% of GDP
C. 4.3% of GDP
D. 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 trillion
B. ₹51.9 trillion
C. ₹53.47 trillion
D. ₹56.2 trillion
✅ Correct Answer: C. ₹53.47 trillion
Q3. Which sector received a ₹400 billion allocation under the Union Budget 2026–27 to strengthen India’s global competitiveness?
A. Defence manufacturing
B. Semiconductor manufacturing
C. Steel production
D. Textile exports
✅ Correct Answer: B. Semiconductor manufacturing
Q4. The Government of India is considering raising the Foreign Direct Investment (FDI) cap in public sector banks up to what level?
A. 26%
B. 49%
C. 51%
D. 74%
✅ Correct Answer: B. 49%
Q5. Which major public sector bank launched “CHAKRA – Centre of Excellence” to support sunrise sectors?
A. Punjab National Bank
B. Bank of Baroda
C. State Bank of India
D. Union Bank of India
✅ Correct Answer: C. State Bank of India
Q6. The XXV Winter Olympic Games (2026) are scheduled to be held in which country?
A. France
B. Switzerland
C. Austria
D. Italy
✅ Correct Answer: D. Italy
Q7. The Milan–Cortina Winter Olympics 2026 will be held between which dates?
A. 01–15 February 2026
B. 06–22 February 2026
C. 10–25 February 2026
D. 14–28 February 2026
✅ Correct Answer: B. 06–22 February 2026
Q8. Which country officially announced the boycott of its T20 World Cup 2026 group match against India?
A. Bangladesh
B. Afghanistan
C. Pakistan
D. Sri Lanka
✅ Correct Answer: C. Pakistan
Q9. Who won the Allan Border Medal at the Australian Cricket Awards announced on 03 February?
A. Steve Smith
B. Pat Cummins
C. David Warner
D. Travis Head
✅ Correct Answer: D. Travis Head
Q10. Which award was won by Annabel Sutherland at the Australian Cricket Awards?
A. Allan Border Medal
B. Don Award
C. Belinda Clark Award
D. ICC Women’s Player of the Year
✅ Correct Answer: C. Belinda Clark Award
