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1. Gujarat contributes what percentage of India’s total renewable energy capacity as of December 2025?

A. 12.5%
B. 14.0%
C. 16.5%
D. 18.0%

C. Gujarat ranks first in total installed renewable energy capacity in India with 42.583 GW, making it a national leader in clean power generation.

The state contributes 16.50% of India’s total renewable capacity, reflecting its strong policy support and infrastructure readiness.

Gujarat also ranks first in wind power capacity and second in solar power installations.

This leadership aligns with India’s long-term clean energy vision and strengthens regional energy security while reducing dependence on fossil fuels.

2. Which of the following is celebrated on 2nd February?

A. World Braile Day

B. International Yoga Day

C. National Education Day

D. World Wetland Day

D. World Wetlands Day is celebrated annually on 2 February to mark the signing of the Ramsar Convention in 1971 at Ramsar in Iran.

The day aims to raise awareness about wetlands such as lakes, marshes, mangroves, floodplains, and lagoons.

These ecosystems provide clean water, reduce floods, store carbon, and support rich biodiversity.

Despite their importance, wetlands are often ignored in development planning. World Wetlands Day serves as a reminder that protecting wetlands is directly linked to human survival and sustainable development. The theme is : “Wetlands and Traditional Knowledge: Celebrating Cultural Heritage.”

3.  Exercise Agni Pariksha is a joint exercise between which forces?

A. Indian Army and Navy
B. Indian Army and Air Force
C. Indian Army and ITBP
D. ITBP and BSF

C. Exercise Agni Pariksha is a joint training exercise of the Indian Army and the Indo-Tibetan Border Police.

It is designed to enhance coordination between military and paramilitary forces during combat situations.

The exercise is considered first-of-its-kind as it actively involved non-artillery personnel in artillery firing drills.

By sharing operational practices and combat techniques, the exercise aims to build mutual understanding and seamless cooperation during real-world deployments, especially in high-altitude and border areas.

4. The Union Budget 2026–27 announced the establishment of dedicated Rare Earth Corridor in four coastal states to strengthen India’s critical minerals ecosystem. Which of the following is not that state?

A. Gujarat

B. Kerala

C. Tamil Nadu

D. Odisha

Rare Earth Corridors are integrated, state-anchored industrial value chains designed to link mining, processing, research and manufacturing of rare earth elements (REEs), particularly rare earth permanent magnets (REPMs), within defined geographic clusters. States involved:

The corridors will be established in mineral-rich coastal states with significant beach sand mineral (BSM) deposits:

Tamil Nadu

Odisha

Kerala

Andhra Pradesh

5. The Union Budget 2026–27 announced the Biopharma Shakti initiative to strengthen India’s biopharmaceutical ecosystem. What is the total outlay of the initiative?

A. 50,000 crore

B. 20.000 crore

C. 10,000 crore

D. 5.000 crore

C. The Union Budget 2026–27 announced a ₹10,000 crore allocation for the Biopharma Shakti initiative to strengthen India’s biopharmaceutical ecosystem.

6. The IRDAI, under the Ministry of Finance (MoF), reconstituted its Reinsurance Advisory Committee (RAC) with immediate effect for a three-year tenure. What does A stands for in IRDAI?

A. Authority

B. Association

C. Autonomy

D. And

7. The Finance Minister recently announced a new platform for women entrepreneurs. What is the name of the platform?

A. SHE Marts

B. Lakhpati didi

C. Mahila Samaridhi Yojana

D. Udyogini Scheme

A. SHE (Self-help Entrepreneur) Marts are planned as community-owned retail outlets that will be set up within cluster-level federations through enhanced and innovative finance instruments. SHE Marts are meant to:
Provide permanent retail points for SHG-made goods.
Improve direct market access.
Support value-added and processed products.
Be backed by enhanced and innovative financing instruments.

8. In the Union Budget 2026-27 presented recently, the Finance Minister announced the launch of the Mahatma Gandhi Gram Swaraj Initiative aimed at strengthening India’s traditional craft sectors. Which of the following sector does not include in this initiative?

A. Handloom
B. Khadi
C. Handicraft

D. All of the above

D. It was announced in the Union Budget 2026-27 to strengthen India’s traditional craft sectors.  
It is a major initiative to strengthen the khadi, handloom, and handicrafts sector by improving global market access, branding, and market linkages.
It is aimed at making traditional rural industries more competitive while ensuring sustainable livelihoods for artisans and weavers.
The programm mainly targets weavers, village industries, beneficiaries of the One District One Product (ODOP) initiative, and rural youth, and MGGSI aims to address structural challenges. 
These include fragmented supply chains, inconsistent quality standards, and limited market connectivity.

9.The Union Minister of Finance announced the Divyangjan Kaushal Yojana and Divyang Sahara Yojana during the union budget 2026-2027. What is the financial supported allocated to these schemes respectively?

A. 100 Cr, 200 Cr

B. 200 Cr, 100 C

C. 150 Cr, 200 Cr

D. 200 Cr, 150 Cr

B. 200 Cr, 100 Cr

10. The Finance Minister recently proposed to raise the STT on both futures and options by up to 150%. What is the full form of STT?

A. Secure Transaction Tax

B. Stock Transaction Tax

C. Security Transaction Tax

D. Safe Transmission Tax

C. Security Transaction Tax is a direct tax levied on the purchase and sale of securities listed on recognised stock exchanges in India. 
It is levied and collected by the central government of India.
It is applied irrespective of the profit or loss made by you in the transaction. It is levied directly on the value of the transaction. The tax is paid directly to the government through the stock exchanges or other intermediaries involved in the transaction.
Introduced through the Finance Act of 2004, STT was designed to simplify taxation on securities trading and curb tax evasion in the capital market.

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