Q1. On which date was the Union Budget 2026–27 presented in India?
A. 30 January 2026
B. 01 February 2026
C. 02 February 2026
D. 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 GDP
B. 4.9% of GDP
C. 4.5% of GDP
D. 4.0% of GDP
✅ Correct Answer: C. 4.5% of GDP
Q3. Which sector received a major boost through higher capital expenditure allocation in Budget 2026–27?
A. Textiles and Handloom
B. Tourism and Culture
C. Infrastructure including railways and highways
D. Education and Skill Development
✅ Correct Answer: C. Infrastructure including railways and highways
Q4. India’s GDP growth projection for FY 2026 was estimated to be in which range?
A. 5.5% – 6.0%
B. 6.0% – 6.5%
C. 6.8% – 7.1%
D. 7.5% – 8.0%
✅ Correct Answer: C. 6.8% – 7.1%
Q5. India’s foreign exchange reserves crossed which significant milestone in January 2026?
A. USD 600 billion
B. USD 620 billion
C. USD 640 billion
D. USD 680 billion
✅ Correct Answer: C. USD 640 billion
Q6. Which digital payment platform crossed more than 14 billion transactions per month in January 2026?
A. NEFT
B. RTGS
C. IMPS
D. UPI
✅ Correct Answer: D. UPI
Q7. Which global institution projected global economic growth at around 3.1% for 2026?
A. World Trade Organization
B. Asian Development Bank
C. International Monetary Fund
D. OECD
✅ Correct Answer: C. International Monetary Fund
Q8. Which national mission focuses on strengthening India’s quantum computing ecosystem?
A. Digital India Mission
B. Make in India
C. IndiaAI Mission
D. National Quantum Mission
✅ Correct Answer: D. National Quantum Mission
Q9. What was the approximate Gross NPA level of Public Sector Banks in early 2026?
A. Around 6%
B. Around 5%
C. Below 4%
D. Above 7%
✅ Correct Answer: C. Below 4%
Q10. Which day is observed annually on 1 February in India?
A. National Productivity Day
B. World Wetlands Day
C. Indian Coast Guard Raising Day
D. National Science Day
✅ Correct Answer: C. Indian Coast Guard Raising Day
