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 United States over the coming years?
A. USD 250 billion
B. USD 350 billion
C. USD 500 billion
D. USD 700 billion
✅ Answer: C. USD 500 billion
Q3. As per projections discussed in February 2026, what is the expected RBI repo rate to be maintained through most of the year?
A. 6.50%
B. 5.75%
C. 5.25%
D. 4.90%
✅ Answer: C. 5.25%
Q4. The Indian government is considering increasing the Foreign Direct Investment (FDI) cap in public sector banks up to which level?
A. 26%
B. 40%
C. 49%
D. 74%
✅ Answer: C. 49%
Q5. The 2026 Winter Olympic Games officially begin competition from which date?
A. 02 February 2026
B. 04 February 2026
C. 06 February 2026
D. 08 February 2026
✅ Answer: B. 04 February 2026
Q6. Which city is hosting the opening ceremony of the 2026 Winter Olympics?
A. Cortina d’Ampezzo
B. Milan
C. Turin
D. Venice
✅ Answer: B. Milan
Q7. The World Bank Group announced annual financial support to India amounting to:
A. USD 3–5 billion
B. USD 5–7 billion
C. USD 8–10 billion
D. USD 12–15 billion
✅ Answer: C. USD 8–10 billion
Q8. SBI’s newly launched CHAKRA initiative primarily focuses on financing which type of sectors?
A. Traditional agriculture and MSMEs
B. Export-import trade only
C. Sunrise and emerging technology sectors
D. Rural self-help groups
✅ Answer: C. Sunrise and emerging technology sectors
Q9. The World Grand Prix 2026 snooker tournament is being held at which venue?
A. Crucible Theatre, Sheffield
B. National Indoor Stadium, Beijing
C. Kai Tak Arena, Hong Kong
D. Wembley Arena, London
✅ Answer: C. Kai Tak Arena, Hong Kong
Q10. Which committee was reconstituted by IRDAI in February 2026 to strengthen India’s insurance framework?
A. Insurance Ombudsman Committee
B. Reinsurance Advisory Committee
C. Policyholders Protection Committee
D. Actuarial Standards Committee
✅ Answer: B. Reinsurance Advisory Committee
