Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2026 of 08th & 09th February 2026. Daily GK quiz online for bank & competitive exam. Here we have given the Daily Current Affairs Quiz based on the previous days Daily Current Affairs updates. Candidates preparing for IBPS, SBI, RBI, RRB, SSC Exam 2026 & other competitive exams can make use of these Current Affairs Quiz.

 

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1) As of 2026, the compensation for victims of small-value digital frauds offering relief of up to ₹25,000 per customer under RBI’s new framework will be paid from which fund?

(a) National Payments Infrastructure Fund (NPIF)

(b) Deposit Insurance and Credit Guarantee Fund (DICGF)

(c) Depositor Education and Awareness Fund (DEAF)

(d) Financial Stability Development Fund (FSDF)

(e) Digital India Innovation Fund (DIIF)


2) Under the RBI’s revised framework for collateral-free MSME loans effective from April 1, 2026, the new category introduced under Pradhan Mantri Mudra Yojana (PMMY) is______

(a) Shakti: ₹10 lakh–₹20 lakh

(b) Tarun Plus: ₹10 lakh–₹20 lakh

(c) Kishore Plus: ₹5 lakh–₹15 lakh

(d) Samarth: up to ₹25 lakh

(e) Tarun Max: ₹20 lakh–₹30 lakh


3) Under the revised RBI framework (effective April 2026), investments by Foreign Portfolio Investors (FPIs) through the Voluntary Retention Route (VRR) will now be counted under which limit?

(a) Overall FPI debt investment limits

(b) External Commercial Borrowing (ECB) ceiling

(c)A separate dedicated VRR sub-limit 

(d) Liberalised Remittance Scheme (LRS) cap

(e) Aggregate FDI inflow ceiling

4) As of 2026, India’s contribution to the United Nations (UN) Regular Budget for 2026, as a percentage of the total UN budget, is_________

(a) 0.50%

(b) 0.75%

(c) 2.00%

(d) 1.50%

(e) 1.016%

5) Under Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0), the 3,52,915 houses approved by Ministry of Housing and Urban Affairs (MoHUA) will be constructed mainly under which two verticals?

(a) In-situ Slum Redevelopment (ISSR) and Credit Linked Subsidy Scheme (CLSS)

(b) Rental Housing and Urban Livelihood Mission

(c) Beneficiary Led Construction (BLC) and Affordable Housing in Partnership (AHP)

(d) Affordable Rental Housing Complexes (ARHC) and Smart Cities Mission

(e) Urban Infrastructure Development and AMRUT

6) As of 2026, Airbus inaugurated a Centre of Excellence (CoE) for aerospace studies at which institution?

(a) Indian Institute of Technology Bombay

(b) Indian Institute of Science Bengaluru

(c) National Institute of Aviation Technology, Hyderabad

(d) Gati Shakti Vishwavidyalaya, Vadodara

(e) Rajiv Gandhi National Aviation University, Raebareli

7) Which exhibition is globally recognised for showcasing advancements in plastics processing, machinery, raw materials, and sustainable solutions?

(a) PLASTINDIA

(b) ChemTech World

(c) Make in India Expo

(d) India Manufacturing Show

(e) Global Materials Expo

8) Under which platform did NITI Aayog release the draft clean energy blueprint for transforming Andhra Pradesh into a renewable energy hub?

(a) National Smart Grid Mission

(b) Green India Energy Framework

(c) ASSET (Accelerating Sustainable State Energy Transition)

(d) National Solar Mission

(e) Renewable India Vision 2035

9) The Frontier Nagaland Territorial Authority (FNTA), recently created through a tripartite agreement, will cover how many districts of Nagaland?

(a) Four

(b) Six

(c) Five

(d) Seven

(e) Eight

10) What is the name of the Delhi Police’s city-wide operation launched to curb misuse of social media for intimidation and fear-mongering?

(a) Operation Chakra

(b) Operation NetShield

(c) Operation Suraksha

(d) Operation Shastra

(e) Operation Digital Guard


11) Under the expanded Startup India framework, for how many years will deep technology startups be recognised?

(a) 10 years

(b) 12 years

(c) 15 years

(d) 25 years

(e) 20 years

12) Which WHO-coordinated global network focuses on early detection, monitoring, and rapid response to disease outbreaks and public health emergencies?

(a) GAVI

(b) IHR Network

(c) GOARN

(d) COVAX

(e) UN Health Grid


13) As of 2026, India announced its support for which global initiative to strengthen cooperation in critical minerals supply chains during the Critical Minerals Ministerial Meeting in Washington D.C.?

(a) FORGE Initiative

(b) Global Green Minerals Alliance

(c) QUAD Minerals Partnership

(d) International Rare Earth Forum

(e) Strategic Energy Cooperation Platform


14) Which Indian educator won the Global Teacher Prize 2026 at the World Government Summit in Dubai?

(a) Sonam Wangchuk

(b) Rouble Nagi

(c) Sugata Mitra

(d) Anita Bose Pfaff

(e) Shaheen Mistri


15) According to the QS Best Student Cities 2026 assessment, which city was ranked as the world’s most affordable city for international students?

(a) Mumbai

(b) Bengaluru

(c) Delhi

(d) Kuala Lumpur

(e) Warsaw


16) Who has been appointed as the new President and CEO of Toyota Motor Corporation effective from April 1, 2026?

(a) Koji Sato

(b) Akio Toyoda

(c) Yoichi Miyazaki

(d) Kenta Kon

(e) Shigeki Terashi

17) As of 2026, RBI recently approved a major private equity investment of up to 9.99% stake in which private sector bank of India?

(a) Yes Bank

(b) IndusInd Bank

(c) RBL Bank

(d) Bandhan Bank

(e) Federal Bank

18) As of 2026, The Ministry of Corporate Affairs (MCA) approved merger and amalgamation of 17 wholly-owned subsidiaries of which company?

(a) NTPC Limited

(b) NHPC Limited

(c) Power Grid Corporation of India Limited

(d) Indian Oil Corporation Limited

(e) Coal India Limited

19) The Indian Coast Guard (ICG) is commemorating its 50th Raising Day on 1 February 2026. The Indian Coast Guard is popularly known by which name?

(a) Bharatiya Tatrakshak

(b) Sagar Suraksha Bal

(c) Samudra Rakshak

(d) Jal Sena

(e) Samudra Raksha Dal

20) As of 2026, Apogee Aerospace placed a ₹3,500 crore order for 15 amphibian aircraft based on which platform?

(a) Albatross 2.0

(b) Twin Otter Amphibian

(c) Sea Eagle X

(d) Dornier Seastar

(e) Beriev Be-200

21) As of 2026, India successfully test-fired the Agni-III intermediate-range ballistic missile (IRBM) from the Integrated Test Range (ITR), Chandipur, Odisha. The Agni-III missile, recently test-fired by India, has been developed by which organisation?

(a) Indian Space Research Organisation (ISRO)

(b) Hindustan Aeronautics Limited (HAL)

(c) Defence Research and Development Organisation (DRDO)

(d) Bharat Dynamics Limited (BDL)

(e) Strategic Forces Command (SFC)

22) Who won the gold medal in the 10m Air Rifle women’s event at the Asian Rifle/Pistol Championship 2026 in New Delhi?

(a) Suruchi Singh

(b) Meghana Sajjanar

(c) Misaki Nobata

(d) Elavenil Valarivan

(e) Apurvi Chandela

23) Which team won the gold medal at the Para Throwball National Federation Cup 2026 (women’s category)?

(a) Rajasthan

(b) Maharashtra

(c) Tamil Nadu

(d) Karnataka

(e) Jharkhand


24) Which state won the gold medal in the men’s category of the Para Throwball National Federation Cup 2026?

(a) Telangana

(b) Haryana

(c) Andhra Pradesh

(d) Rajasthan

(e) Kerala

25) In 2026, Mission SAKSHAM (Sahakari Bank Kshamta Nirman), launched by RBI, is primarily aimed at capacity building of which institutions?

(a) Urban Cooperative Banks (UCBs)

(b) Small Finance Banks

(c) Regional Rural Banks (RRBs) 

(d) Payment Banks

(e) Non-Banking Financial Companies (NBFCs)


Answers:

1) Answer: C

Short Explanation:

The Reserve Bank of India (RBI) announced a compensation framework for victims of small-value digital frauds, offering relief of up to ₹25,000 per customer.

The compensation will be paid from the Depositor Education and Awareness Fund (DEAF), which has a current corpus of around ₹85,000 crore.

Detailed Explanation:

The Reserve Bank of India (RBI) announced a compensation framework for victims of small-value digital frauds, offering relief of up to ₹25,000 per customer.

The scheme provides a once-in-a-lifetime benefit for bank customers who lose money in small-value fraudulent transactions, including cases involving shared OTPs.

Under the framework, RBI will bear 70% of the loss (up to ₹25,000), while the remaining 30% will be shared equally by the customer (15%) and the bank (15%).

The compensation will be paid from the Depositor Education and Awareness Fund (DEAF), which has a current corpus of around ₹85,000 crore.

2) Answer: B

Short Explanation:

The Reserve Bank of India (RBI) has announced plans to double the limit for collateral-free loans for Micro, Small, and Medium Enterprises (MSMEs) from ₹10 lakh to ₹20 lakh, effective April 1, 2026, to boost credit access for the micro, small, and medium sector.

MSME collateral-free loans are provided under the Pradhan Mantri Mudra Yojana (PMMY) with a current limit of up to ₹10 lakh, covering manufacturing, services, and related sectors.

Detailed Explanation:

The Reserve Bank of India (RBI) has announced plans to double the limit for collateral-free loans for Micro, Small, and Medium Enterprises (MSMEs) from ₹10 lakh to ₹20 lakh, effective April 1, 2026, to boost credit access for the micro, small, and medium sector.

MSME collateral-free loans are provided under the Pradhan Mantri Mudra Yojana (PMMY) with a current limit of up to ₹10 lakh, covering manufacturing, services, and related sectors.

The loans under PMMY are divided into four categories (including the new addition):

Shishu: up to ₹50,000

Kishore: ₹50,001–₹5 lakh

Tarun: ₹5 lakh–₹10 lakh

Tarun Plus: ₹10 lakh–₹20 lakh (for those who have successfully repaid previous Tarun loans).

An enterprise is classified as micro, small, or medium based on investment in plant and machinery or equipment and turnover:

Micro enterprise: Investment ≤ ₹2.5 crore, Turnover ≤ ₹10 crore

Small enterprise: Investment ≤ ₹25 crore, Turnover ≤ ₹100 crore

Medium enterprise: Investment ≤ ₹125 crore, Turnover ≤ ₹500 crore

Collateral-free loans provide instant funds for businesses without risking assets with the financial

institution.

3) Answer: A

Short Explanation:

The Reserve Bank of India (RBI) has removed the ₹2.5 lakh crore investment limit for Foreign Portfolio Investors (FPIs) under the Voluntary Retention Route (VRR).

The move aims to improve operational flexibility and ease of doing business for foreign investors in India’s debt market, effective from April 2026.

Under the revised framework, investments via VRR will now count under the overall FPI debt investment limits, instead of a separate sub-limit.

Detailed Explanation:

The Reserve Bank of India (RBI) has removed the ₹2.5 lakh crore investment limit for Foreign Portfolio Investors (FPIs) under the Voluntary Retention Route (VRR).

The move aims to improve operational flexibility and ease of doing business for foreign investors in India’s debt market, effective from April 2026.

Under the revised framework, investments via VRR will now count under the overall FPI debt investment limits, instead of a separate sub-limit.

FPIs must still comply with a minimum retention period of three years under the VRR.

Existing overall caps remain unchanged: Government bonds – 6%, Corporate bonds – 15%, State Development Loans (SDLs) – 2% of outstanding stock.

The VRR was introduced in March 2019 to encourage stable, long-term foreign investment; over 80% of the earlier limit had already been utilized.

4) Answer: E

Short Explanation:

The Government of India (GoI) paid USD 35.18 million to the United Nations (UN) Regular Budget for 2026.

India contributed 1.016% to the UN’s regular budget of USD 3.45 billion.

Detailed Explanation:

The Government of India (GoI) paid USD 35.18 million to the United Nations (UN) Regular Budget for 2026.

Following this payment, India joined the UN’s ‘honour roll’ alongside 51 member states who paid their regular budget dues in full and on time.

India’s total assessed contribution to the UN budget stands at USD 38.223 million, with USD 3.091 million offset against staff income taxes.

India contributed 1.016% to the UN’s regular budget of USD 3.45 billion

5) Answer: C

Short Explanation:

The Ministry of Housing and Urban Affairs (MoHUA) approved construction of over 3.53 lakh houses under Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0).

The approval was granted in the first meeting of the Central Sanctioning and Monitoring Committee (CSMC).

The meeting was chaired by MoHUA Secretary Srinivas Katikithala.

Detailed Explanation:

The Ministry of Housing and Urban Affairs (MoHUA) approved construction of over 3.53 lakh houses under Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0).

The approval was granted in the first meeting of the Central Sanctioning and Monitoring Committee (CSMC).

The meeting was chaired by MoHUA Secretary Srinivas Katikithala.

A total of 3,52,915 houses were sanctioned under:

Beneficiary Led Construction (BLC)

Affordable Housing in Partnership (AHP)

The sanctioned houses will be constructed across 10 States and Union Territories:

Andhra Pradesh, Arunachal Pradesh, Bihar, Haryana, Jammu and Kashmir, Odisha, Puducherry, Rajasthan, Telangana, Uttar Pradesh

 

6) Answer: D

Short Explanation:

Airbus inaugurated a Centre of Excellence (CoE) for aerospace studies at Gati Shakti Vishwavidyalaya (GSV), Vadodara, Gujarat.

GSV is India’s industry-driven Central University dedicated to the transportation and logistics sector.

Detailed Explanation:

Airbus inaugurated a Centre of Excellence (CoE) for aerospace studies at Gati Shakti Vishwavidyalaya (GSV), Vadodara, Gujarat.

GSV is India’s industry-driven Central University dedicated to the transportation and logistics sector.

The CoE marks a major milestone in the long-term collaboration between Airbus and GSV to strengthen India’s aerospace ecosystem.

The Centre will focus on research, innovation, and talent development in the aerospace sector.

A key focus area of the CoE is Research and Development on Sustainable Aviation Fuel (SAF).

 

7) Answer: A

Short Explanation:

PLASTINDIA 2026, one of the world’s largest plastics exhibitions, will be held from 5 February to 10 February 2026 at Bharat Mandapam, New Delhi.

The six-day global exhibition will bring together industry leaders, policymakers, innovators, start-ups, and international exhibitors on a single platform.

Detailed Explanation:

PLASTINDIA 2026, one of the world’s largest plastics exhibitions, will be held from 5 February to 10 February 2026 at Bharat Mandapam, New Delhi.

The six-day global exhibition will bring together industry leaders, policymakers, innovators, start-ups, and international exhibitors on a single platform.

PLASTINDIA 2026 highlights India’s growing role in global manufacturing, sustainability, and innovation, especially in the plastics sector, a key contributor to the national economy.

PLASTINDIA is a globally recognised exhibition showcasing advancements in plastics processing, machinery, raw materials, and sustainable solutions.

The 2026 edition is organised with support from the Department of Chemicals and Petrochemicals, Ministry of Commerce and Industry, and Ministry of Micro, Small and Medium Enterprises.

 

8) Answer: C

Short Explanation:

NITI Aayog released a draft clean energy blueprint to transform Andhra Pradesh into a major renewable energy hub by 2035.

The draft plan was presented by BVR Subrahmanyam, Chief Executive Officer, NITI Aayog, to the Andhra Pradesh Government in Vijayawada.

The blueprint focuses on clean power generation, energy storage, grid modernisation, and affordable electricity, under the ASSET (Accelerating Sustainable State Energy Transition) platform.

Detailed Explanation:

NITI Aayog released a draft clean energy blueprint to transform Andhra Pradesh into a major renewable energy hub by 2035.

The draft plan was presented by BVR Subrahmanyam, Chief Executive Officer, NITI Aayog, to the Andhra Pradesh Government in Vijayawada.

The blueprint focuses on clean power generation, energy storage, grid modernisation, and affordable electricity, under the ASSET (Accelerating Sustainable State Energy Transition) platform.

The plan proposes massive investments of around ₹7.5 lakh crore to support Andhra Pradesh’s clean energy transition.

By 2035, the State aims to add 35 gigawatt solar power, 12 gigawatt wind power, and 55–60 gigawatt hour energy storage for domestic consumption.

For national-level renewable energy exports, targets include 30 gigawatt solar, 25–30 gigawatt wind, and 10–12 gigawatt pumped storage capacity.

A major highlight of the blueprint is the promise of low-cost electricity.

Power purchase costs are estimated at ₹3.90–₹4 per unit, while overall supply costs are expected to remain below ₹6 per unit.


9) Answer: B

Short Explanation:

Central Government, Nagaland Government, and Eastern Nagaland Peoples Organization (ENPO) signed a tripartite agreement to create the Frontier Nagaland Territorial Authority (FNTA).

FNTA will cover six eastern districts of Nagaland: Tuensang, Mon, Kiphire, Longleng, Noklak, and Shamator.

Detailed Explanation:

Central Government, Nagaland Government, and Eastern Nagaland Peoples Organization (ENPO) signed a tripartite agreement to create the Frontier Nagaland Territorial Authority (FNTA).

The agreement was signed in New Delhi in the presence of Union Home Minister Amit Shah and Nagaland Chief Minister Neiphiu Rio.

The pact aims to address the long-standing demand of eastern Nagaland by providing greater autonomy and development, without creating a separate state.

Frontier Nagaland Territorial Authority (FNTA) is a proposed autonomous administrative body within Nagaland, described as a unique governance model.

FNTA will cover six eastern districts of Nagaland: Tuensang, Mon, Kiphire, Longleng, Noklak, and Shamator.

10) Answer: D

Short Explanation:

Delhi Police launched a city-wide crackdown named ‘Operation Shastra’ to curb the misuse of social media platforms for intimidation and fear-mongering.

The operation targets individuals who post photos with weapons, use abusive language, or project criminal dominance online.

Detailed Explanation:

Delhi Police launched a city-wide crackdown named ‘Operation Shastra’ to curb the misuse of social media platforms for intimidation and fear-mongering.

The operation targets individuals who post photos with weapons, use abusive language, or project criminal dominance online.

According to the Delhi Police, such online behaviour often creates psychological fear and can escalate into real-world law and order problems.

S K Jain, Joint Commissioner of Police (Southern Range), stated that social media is increasingly being used to signal criminal power and intimidate rivals, necessitating preventive action.

 

11) Answer: E

Short Explanation:

Government of India expanded the Startup India framework to formally include deep technology startups, recognising their long research cycles and high capital requirements.

Under the revised framework, deep tech startups will be recognised for 20 years, compared to 10 years for regular startups.

Detailed Explanation:

Government of India expanded the Startup India framework to formally include deep technology startups, recognising their long research cycles and high capital requirements.

Under the revised framework, deep tech startups will be recognised for 20 years, compared to 10 years for regular startups.

The turnover cap for deep tech startups has been increased to ₹300 crore, while the limit for regular startups remains ₹200 crore.

For the first time, the government has created a separate regulatory category for deep tech startups, marking a shift from short-term scalability to long-term innovation

12) Answer: C

Short Explanation:

New York City, United States of America (USA) joined the World Health Organization (WHO)’s Global Outbreak Alert and Response Network (GOARN), strengthening global public health cooperation.

Earlier, Illinois (USA) became part of GOARN on 3 February 2026.

GOARN is a WHO-coordinated global network, established in 2000, comprising 360+ institutions worldwide.

Detailed Explanation:

New York City, United States of America (USA) joined the World Health Organization (WHO)’s Global Outbreak Alert and Response Network (GOARN), strengthening global public health cooperation.

Earlier, Illinois (USA) became part of GOARN on 3 February 2026.

GOARN is a WHO-coordinated global network, established in 2000, comprising 360+ institutions worldwide.

It functions under the United Nations (UN) Health Network framework, coordinated by WHO.

The primary objective of GOARN is early detection, monitoring, and rapid response to disease outbreaks and public health emergencies.

GOARN surveillance mechanisms aggregate global disease reports, signals, and alerts from WHO Member States, hospitals, laboratories, and partner institutions.

 

13) Answer: A

Short Explanation:

Union Minister Dr. S. Jaishankar, Ministry of External Affairs (MEA), visited the United States of America (USA) from February 2–4, 2026 to participate in the Critical Minerals Ministerial Meeting in Washington D.C.

Dr. S. Jaishankar announced India’s support for the FORGE Initiative (Forum on Resource Geostrategic Engagement), a global initiative to strengthen cooperation in critical minerals supply chains.

Detailed Explanation:

Union Minister Dr. S. Jaishankar, Ministry of External Affairs (MEA), visited the United States of America (USA) from February 2–4, 2026 to participate in the Critical Minerals Ministerial Meeting in Washington D.C.

On February 3, 2026, he held bilateral meetings with Marco Rubio (US Secretary of State) and Scott Bessent (US Treasury Secretary) to discuss strengthening economic partnership and strategic cooperation.

On February 4, 2026, he attended the inaugural Critical Minerals Ministerial, a multilateral forum convened by Marco Rubio, highlighting risks of excessive concentration in critical mineral production and processing.

Dr. S. Jaishankar announced India’s support for the FORGE Initiative (Forum on Resource Geostrategic Engagement), a global initiative to strengthen cooperation in critical minerals supply chains.

 

14) Answer: B

Short Explanation:

Indian educator and social activist Rouble Nagi won the Global Teacher Prize 2026 at the World Government Summit held in Dubai.

She received a cash award of USD 1 million, making it one of the highest-value awards in the education sector globally.

The award is presented by GEMS Education and was handed over by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum.

Detailed Explanation:

Indian educator and social activist Rouble Nagi won the Global Teacher Prize 2026 at the World Government Summit held in Dubai.

She received a cash award of USD 1 million, making it one of the highest-value awards in the education sector globally.

The award is presented by GEMS Education and was handed over by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum.

Rouble Nagi was honoured for her grassroots education work through the Rouble Nagi Art Foundation, focusing on children from slum and marginalised communities.

She has established more than 800 learning centres across India, supporting children who are out of school as well as school-going children.

Her unique “Living Walls” learning model uses educational murals painted on walls to teach literacy, mathematics, science, and history.

 

15) Answer: C

Short Explanation:

Delhi has been ranked 1st globally as the world’s most affordable city for international students.

The ranking is based on a joint report by Knight Frank, Deloitte India, and QS.

The report is titled “India’s 155 Million Student Mandate” and was released on Wednesday.

Detailed Explanation:

Delhi has been ranked 1st globally as the world’s most affordable city for international students.

The ranking is based on a joint report by Knight Frank, Deloitte India, and QS.

The report is titled “India’s 155 Million Student Mandate” and was released on Wednesday.

Mumbai secured the 11th position, while Bengaluru ranked 15th globally.

The ranking forms part of the QS Best Student Cities 2026 assessment.

A total of 150 cities worldwide were evaluated in the ranking.

 

16) Answer: D

Short Explanation:

Toyota Motor Corporation (TMC) appointed Kenta Kon, its Chief Financial Officer (CFO), as the new President and Chief Executive Officer (CEO) effective from 1st April 2026.

Kenta Kon will replace Koji Sato, who will take up new roles as Vice Chairman and Chief Industry Officer (CIO) at TMC.

Kenta Kon joined Toyota Motor Corporation in 1991, building a long career within the company.

Detailed Explanation:

Toyota Motor Corporation (TMC) appointed Kenta Kon, its Chief Financial Officer (CFO), as the new President and Chief Executive Officer (CEO) effective from 1st April 2026.

Kenta Kon will replace Koji Sato, who will take up new roles as Vice Chairman and Chief Industry Officer (CIO) at TMC.

Kenta Kon joined Toyota Motor Corporation in 1991, building a long career within the company.

He is recognised for his expertise in financial discipline, cost control, and close strategic collaboration with Chairman Akio Toyoda.

Prior to this elevation, he served as a Director at Woven by Toyota (technology unit) and Toyota Fudosan (real estate unit).

Following his promotion, Yoichi Miyazaki, Executive Vice President, has been appointed as the new Chief Financial Officer (CFO) of Toyota Motor Corporation.

 

17) Answer: E

Short Explanation:

The Reserve Bank of India (RBI) approved American private equity firm Blackstone to acquire up to 9.99% stake in Federal Bank Limited, a private sector bank in India.

This investment is set to become one of the largest private equity investments in India’s private banking sector.

Detailed Explanation:

The Reserve Bank of India (RBI) approved American private equity firm Blackstone to acquire up to 9.99% stake in Federal Bank Limited, a private sector bank in India.

This investment is set to become one of the largest private equity investments in India’s private banking sector.

In December 2025, the Competition Commission of India (CCI) had already approved Blackstone’s proposal to acquire the stake through convertible warrants.

Under the proposed deal, Blackstone will invest ₹6,196.51 crore (around USD 700 million) in Federal Bank.

 

18) Answer: C

Short Explanation:

The Ministry of Corporate Affairs (MCA) approved two composite schemes of arrangement for merger and amalgamation of 17 wholly-owned subsidiaries of Power Grid Corporation of India Limited (PGCIL / POWERGRID).

The mergers are part of a major corporate restructuring initiative aimed at streamlining POWERGRID’s subsidiary structure.

The effective date of amalgamation for both schemes is 1 April 2024.

Detailed Explanation:

The Ministry of Corporate Affairs (MCA) approved two composite schemes of arrangement for merger and amalgamation of 17 wholly-owned subsidiaries of Power Grid Corporation of India Limited (PGCIL / POWERGRID).

The mergers are part of a major corporate restructuring initiative aimed at streamlining POWERGRID’s subsidiary structure.

The effective date of amalgamation for both schemes is 1 April 2024.

The objective of restructuring includes simplification of corporate structure, cost reduction, improved operational and financial efficiency, and stronger execution of large transmission projects.

Under the merger framework, all assets, liabilities, and operations of the transferor companies will be vested in the transferee companies.

The MCA orders are binding on the shareholders and creditors of both transferor and transferee entities.

 

19) Answer: A

Short Explanation:

The Indian Coast Guard (ICG) is commemorating its 50th Raising Day on 1 February 2026, marking five decades of dedicated service to the nation.

The force is popularly known as Bharatiya Tatrakshak and safeguards India’s maritime interests.

Detailed Explanation:

The Indian Coast Guard (ICG) is commemorating its 50th Raising Day on 1 February 2026, marking five decades of dedicated service to the nation.

The ICG was raised on 1 February 1977 with just seven surface platforms and has grown into a formidable maritime force.

Currently, the ICG operates 155 ships and 80 aircraft, with a target to reach 200 surface platforms and 100 aircraft by 2030.

The force is popularly known as Bharatiya Tatrakshak and safeguards India’s maritime interests

20) Answer: A

Short Explanation:

Apogee Aerospace Private Limited, an air defence company, placed an order worth ₹3,500 crore for 15 amphibian aircraft (seaplanes) with Amphibian Aerospace Industries (AAI), Australia.

The order is part of the AAI–Apogee Aerospace partnership to develop an amphibian aviation ecosystem in India, anchored on AAI’s Albatross 2.0 platform.

Detailed Explanation:

Apogee Aerospace Private Limited, an air defence company, placed an order worth ₹3,500 crore for 15 amphibian aircraft (seaplanes) with Amphibian Aerospace Industries (AAI), Australia.

The order is part of the AAI–Apogee Aerospace partnership to develop an amphibian aviation ecosystem in India, anchored on AAI’s Albatross 2.0 platform.

Apogee Aerospace will invest an additional ₹500 crore to establish tail-section manufacturing, Maintenance, Repair and Overhaul (MRO) facilities, training & simulation infrastructure, and advanced integration capabilities in India.

Under the collaboration, Apogee Aerospace has been designated as AAI’s exclusive authorised representative for the Indian subcontinent (restricted category) covering defence and government requirements.

The Albatross 2.0 is the world’s first transport-category amphibious aircraft in the Registered Passenger Transport (RPT) segment.

 

21) Answer: C

Short Explanation:

India successfully test-fired the Agni-III intermediate-range ballistic missile (IRBM) from the Integrated Test Range (ITR), Chandipur, Odisha, on 6 February 2026.

The launch was conducted under the supervision of the Strategic Forces Command (SFC) as part of a routine training exercise to validate operational and technical preparedness.

Agni-III has been developed by the Defence Research and Development Organisation (DRDO).

Detailed Explanation:

India successfully test-fired the Agni-III intermediate-range ballistic missile (IRBM) from the Integrated Test Range (ITR), Chandipur, Odisha, on 6 February 2026.

The launch was conducted under the supervision of the Strategic Forces Command (SFC) as part of a routine training exercise to validate operational and technical preparedness.

Agni-III has been developed by the Defence Research and Development Organisation (DRDO).

It is a two-stage, solid-fuelled ballistic missile with a strike range exceeding 3,000 km (typically 3,000–3,500 km).

The missile can carry a payload of 1.5 tonnes with an estimated yield of 200–300 kilotons.

22) Answer: D

Short Explanation:

Asian Rifle/Pistol Championship 2026 is being held in New Delhi, where India continued its dominance in shooting events.

World champion Samrat Rana and World Cup finalist Suruchi Singh won the silver medal in the 10m air pistol mixed team event.

The silver medal performance helped India take its gold tally to 10 medals after two days of competition.

Olympian Elavenil Valarivan won gold in the 10m Air Rifle women’s event, defeating Japan’s Misaki Nobata, at the Asian Rifle/Pistol Championship held at the Dr Karni Singh Shooting Range, New Delhi.

Detailed Explanation:

Asian Rifle/Pistol Championship 2026 is being held in New Delhi, where India continued its dominance in shooting events.

World champion Samrat Rana and World Cup finalist Suruchi Singh won the silver medal in the 10m air pistol mixed team event.

The silver medal performance helped India take its gold tally to 10 medals after two days of competition.

Olympian Elavenil Valarivan won gold in the 10m Air Rifle women’s event, defeating Japan’s Misaki Nobata, at the Asian Rifle/Pistol Championship held at the Dr Karni Singh Shooting Range, New Delhi.

Meghana Sajjanar secured bronze, joining Elavenil on the podium, while Misaki Nobata won silver.

Elavenil was placed fifth after two series, but staged a strong comeback to take the lead by the 18th shot and maintained consistency till the end, including a crucial 10.9, to seal the victory.

23) Answer: E

Short Explanation:

Jharkhand women’s team won the gold medal at the Para Throwball National Federation Cup 2026, delivering a disciplined and confident performance at the national level.

Detailed Explanation:

Jharkhand women’s team won the gold medal at the Para Throwball National Federation Cup 2026, delivering a disciplined and confident performance at the national level.

The women’s final of the Para Throwball National Federation Cup 2026 was a closely contested match between Jharkhand and Rajasthan.

Playing against the host team Rajasthan, Jharkhand displayed composure and tactical discipline under pressure.

Jharkhand defeated Rajasthan by a 21–17 scoreline, reflecting consistent attack and strong defensive play.

24) Answer: C

In the men’s category of the Para Throwball National Federation Cup 2026, Andhra Pradesh emerged as champions.

Telangana finished as runners-up, while Haryana secured the bronze medal in the men’s event.

 

25) Answer: A

Short Explanation:

RBI announced Mission SAKSHAM (Sahakari Bank Kshamta Nirman) for capacity building of Urban Cooperative Banks (UCBs) to strengthen skills, competencies, technical capabilities, and operational resilience.

Detailed Explanation:

RBI announced Mission SAKSHAM (Sahakari Bank Kshamta Nirman) for capacity building of Urban Cooperative Banks (UCBs) to strengthen skills, competencies, technical capabilities, and operational resilience.

Mission SAKSHAM will cover about 1.40 lakh participants across functions through physical training programmes and a scalable learning platform, with content delivery in regional languages wherever feasible.

The mission will be implemented in partnership with umbrella organisations of UCBs and national/state federations, aiming to secure the next phase of growth for the cooperative banking sector.