MCQ Test: February 02, 2026 - Current affairs for all the Exams: Union Budget 2026-27: Historic Sunday Presentation, Capex Surge, and New Tax Act Implementation

1. Who presented the Union Budget 2026-27 in the Indian Parliament?

A) Amit Shah B) Nirmala Sitharaman C) Piyush Goyal D) Narendra Modi

2. What historical precedent was set during the presentation of the Union Budget 2026-27?

A) It was the first budget presented at midnight B) It was the first time a budget was presented on a Sunday C) It was the first paperless budget D) It was the first budget presented by a woman

3. What is the Capital Expenditure (Capex) outlay for the fiscal year 2026-27?

A) ₹10.2 lakh crore B) ₹11.2 lakh crore C) ₹12.2 lakh crore D) ₹15.5 lakh crore

4. The defence budget for 2026-27 has been increased to what amount?

A) ₹5.8 lakh crore B) ₹6.5 lakh crore C) ₹7.8 lakh crore D) ₹8.2 lakh crore

5. When is the implementation of the 'New Tax Act' scheduled to begin?

A) February 1, 2026 B) April 1, 2026 C) January 1, 2027 D) April 1, 2027

6. As per the 2026-27 Budget, what are the new Securities Transaction Tax (STT) rates for Futures and Options respectively?

A) 0.01% and 0.10% B) 0.10% and 0.20% D) 0.02% and 0.12%

7. In which of the following states will the dedicated 'Rare Earth Corridors' be established?

A) Gujarat, Maharashtra, Goa, and Karnataka B) Odisha, Kerala, Andhra Pradesh, and Tamil Nadu C) Bihar, Jharkhand, West Bengal, and Assam D) Rajasthan, Punjab, Haryana, and Uttar Pradesh

8. What is the primary focus of the newly launched 'Biopharma Shakti' scheme?

A) Promoting organic farming in rural India B) Transforming India into a global hub for biologicals and non-communicable diseases C) Providing clean drinking water to all households D) Promoting traditional Ayurveda medicine exports

9. The 'Pradhan Mantri Kaushal Unnati Yojana (PMKUY)' aims to bridge the skill gap for rural youth in which specific sectors?

A) Textiles and Handicrafts B) Green energy and Digital tech C) Civil aviation and Tourism D) Automotive and Heavy industries

10. What are 'SHE Marts' as mentioned in the Budget 2026-27?

A) Online portals for women's healthcare B) Community-owned retail shops for women entrepreneurs from Self-Help Groups C) Specialized banks for women in urban areas D) Government-run schools for girls

11. Which bank launched the 'CHAKRA Centre of Excellence' to facilitate financing for sunrise sectors?

A) HDFC Bank B) ICICI Bank C) State Bank of India (SBI) D) Punjab National Bank

12. Which countries signed the landmark trilateral agreement for 'Project Green Corridor'?

A) India, USA, and UK B) India, Japan, and Australia C) India, France, and Germany D) India, Brazil, and South Africa

13. How many new wetlands were added to India’s Ramsar network in February 2026?

A) One B) Two C) Five D) Ten

14. India is preparing to resume oil purchases from which country to potentially replace some Russian imports?

A) Iran B) Venezuela C) Libya D) Qatar

15. Who became the youngest man to complete a career Grand Slam at the age of 22 by winning the Australian Open 2026?

A) Jannik Sinner B) Carlos Alcaraz C) Holger Rune D) Novak Djokovic

16. India won the five-match T20I series against New Zealand with what scoreline?

A) 3-2 B) 5-0 C) 4-1 D) 2-3

17. An earthquake of what magnitude was reported in the Kashmir region on February 2, 2026?

A) 3.5 B) 4.6 C) 5.2 D) 6.1

ALL TN Comp Exams Prep

February 02, 2026 - Current affairs for all the Exams: Union Budget 2026-27: Historic Sunday Presentation, Capex Surge, and New Tax Act Implementation

Your Score: 0 / 0

1. Who presented the Union Budget 2026-27 in the Indian Parliament?

2. What historical precedent was set during the presentation of the Union Budget 2026-27?

3. What is the Capital Expenditure (Capex) outlay for the fiscal year 2026-27?

4. The defence budget for 2026-27 has been increased to what amount?

5. When is the implementation of the 'New Tax Act' scheduled to begin?

6. As per the 2026-27 Budget, what are the new Securities Transaction Tax (STT) rates for Futures and Options respectively?

7. In which of the following states will the dedicated 'Rare Earth Corridors' be established?

8. What is the primary focus of the newly launched 'Biopharma Shakti' scheme?

9. The 'Pradhan Mantri Kaushal Unnati Yojana (PMKUY)' aims to bridge the skill gap for rural youth in which specific sectors?

10. What are 'SHE Marts' as mentioned in the Budget 2026-27?

11. Which bank launched the 'CHAKRA Centre of Excellence' to facilitate financing for sunrise sectors?

12. Which countries signed the landmark trilateral agreement for 'Project Green Corridor'?

13. How many new wetlands were added to India’s Ramsar network in February 2026?

14. India is preparing to resume oil purchases from which country to potentially replace some Russian imports?

15. Who became the youngest man to complete a career Grand Slam at the age of 22 by winning the Australian Open 2026?

16. India won the five-match T20I series against New Zealand with what scoreline?

17. An earthquake of what magnitude was reported in the Kashmir region on February 2, 2026?

February 02, 2026 - Current affairs for all the Exams: Union Budget 2026-27: Historic Sunday Presentation, Capex Surge, and New Tax Act Implementation

Your Score: 0 / 0

1. Who presented the Union Budget 2026-27 in the Indian Parliament?

2. What historical precedent was set during the presentation of the Union Budget 2026-27?

3. What is the Capital Expenditure (Capex) outlay for the fiscal year 2026-27?

4. The defence budget for 2026-27 has been increased to what amount?

5. When is the implementation of the 'New Tax Act' scheduled to begin?

6. As per the 2026-27 Budget, what are the new Securities Transaction Tax (STT) rates for Futures and Options respectively?

7. In which of the following states will the dedicated 'Rare Earth Corridors' be established?

8. What is the primary focus of the newly launched 'Biopharma Shakti' scheme?

9. The 'Pradhan Mantri Kaushal Unnati Yojana (PMKUY)' aims to bridge the skill gap for rural youth in which specific sectors?

10. What are 'SHE Marts' as mentioned in the Budget 2026-27?

11. Which bank launched the 'CHAKRA Centre of Excellence' to facilitate financing for sunrise sectors?

12. Which countries signed the landmark trilateral agreement for 'Project Green Corridor'?

13. How many new wetlands were added to India’s Ramsar network in February 2026?

14. India is preparing to resume oil purchases from which country to potentially replace some Russian imports?

15. Who became the youngest man to complete a career Grand Slam at the age of 22 by winning the Australian Open 2026?

16. India won the five-match T20I series against New Zealand with what scoreline?

17. An earthquake of what magnitude was reported in the Kashmir region on February 2, 2026?

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