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Daily Current Affairs Quiz 1 and 2 February 2026

Question 1

In which of the following states was 5th edition of Rüsoma Orange Festival organised?

Question 2

Former India Coach and Australian Great Michael Nobbs passed away at the Age of 72. He was associated with which sport?

Question 3

On February 1, 2026, Union Finance Minister Smt. Nirmala Sitharaman presented her ninth consecutive Union Budget for the financial year (FY) 2026-27. The Union Budget 2026–27 focuses on how many Kartavyas?

Question 4

Which of the following statements is correct?

1. Customs and Central Excise proposals announced in Union Budget 2026-27 to simplify tariff structure.

2. To promote exports, the limit for duty-free import of inputs for seafood processing was proposed to be increased from 1% to 3% of the FOB value of the previous year’s export turnover.

Select the correct code:

Question 5

What is the total corpus of the SME Growth Fund introduced in the Union Budget 2026–27?

Question 6

The Safe Harbour Threshold for IT Services was enhanced in Union Budget 2026–27 from 300 crore to:

Question 7

Consider the following statements about ‘Bharat-VISTAAR’.

1. ‘Bharat-VISTAAR’ is a multilingual AI-based agricultural support system.

2. It will improve farm productivity, enhance farmer decision making and reduce risk.

Which of the above statements is/are correct?

Question 8

The Union Budget proposes a reduction in customs duty on goods imported for personal use from 20 percent to ________.

Question 9

Union Budget 2026–27 proposes the Biopharma SHAKTI initiative. An outlay of ____________ over a period of five years is proposed for this initiative.

Question 10

The Union Budget 2026–27 emphasises on expanding manufacturing in how many strategic and frontier sectors?

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