Daily Current Affairs Quiz, 5 February 2026MCQs for UPSC, MPSC, SSC, Banking & Teaching Exams
Practice the Daily Current Affairs Quiz for 5 February 2026 with 15 MCQs and explanations. Questions sourced from The Hindu and Indian Express, selected for UPSC, MPSC, SSC, Banking & Teaching exam preparation. Topics covered include Economy, Governance, Banking Regulation and Polity.
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15
MCQs
5-7 min
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Explanations
2 Papers
Hindu + IE
Test your knowledge with 15 MCQs from today's current affairs. Each question includes an explanation for UPSC, MPSC, SSC, Banking & Teaching exam preparation.
All Questions in Today's Current Affairs Quiz
Q1The Insolvency and Bankruptcy Code, 2016, is primarily administered and regulated by which of the following bodies?
View Answer ▾
The Insolvency and Bankruptcy Code, 2016, is primarily administered and regulated by which of the following bodies?
Answer: Insolvency and Bankruptcy Board of India (IBBI)
The Insolvency and Bankruptcy Board of India (IBBI) was established under the IBC, 2016, as the regulator for overseeing insolvency proceedings, insolvency professionals, and information utilities. While NCLT is the Adjudicating Authority, the IBBI is the regulatory body.
Economy · Governance · Banking Regulation · easy
Q2As per the Supreme Court's directives in the Prakash Singh case, the panel for the appointment of a state's Director General of Police (DGP) is prepared by which constitutional body?
View Answer ▾
As per the Supreme Court's directives in the Prakash Singh case, the panel for the appointment of a state's Director General of Police (DGP) is prepared by which constitutional body?
Answer: The Union Public Service Commission (UPSC)
The Supreme Court, in the Prakash Singh case (2006), mandated that the DGP shall be selected by the State Government from amongst the three senior-most officers empanelled for promotion to that rank by the Union Public Service Commission (UPSC). The UPSC is a constitutional body under Article 315.
Polity · Governance · State Governance · easy
Q3Consider the following statements regarding the issues highlighted in the Supreme Court about the Insolvency and Bankruptcy Code (IBC):
1. The platform is being misused for undervaluing assets of the insolvent company.
2. The government has stated that it is not considering any reforms to the IBC process.
3. The role and conduct of Resolution Professionals (RPs) have also come under scrutiny.
View Answer ▾
Consider the following statements regarding the issues highlighted in the Supreme Court about the Insolvency and Bankruptcy Code (IBC):
1. The platform is being misused for undervaluing assets of the insolvent company.
2. The government has stated that it is not considering any reforms to the IBC process.
3. The role and conduct of Resolution Professionals (RPs) have also come under scrutiny.
Answer: Both 1 and 3
Statement 1 is correct as the CJI explicitly mentioned misuse for undervaluation. Statement 2 is incorrect because the Solicitor General stated the government is 'seriously considering' the issue. Statement 3 is correct as the CJI expressed doubts on the conduct of RPs.
Economy · Governance · Banking Regulation · hard
Q4Consider the following statements regarding the Supreme Court's directives on DGP appointments:
1. The DGP must have a minimum tenure of at least two years.
2. States must send their proposal for DGP appointment to the UPSC at least six months before the vacancy arises.
3. The UPSC has been authorized by the Supreme Court to initiate contempt proceedings against non-compliant states.
Which of the statements given above is/are correct?
View Answer ▾
Consider the following statements regarding the Supreme Court's directives on DGP appointments:
1. The DGP must have a minimum tenure of at least two years.
2. States must send their proposal for DGP appointment to the UPSC at least six months before the vacancy arises.
3. The UPSC has been authorized by the Supreme Court to initiate contempt proceedings against non-compliant states.
Which of the statements given above is/are correct?
Answer: Both 1 and 3
Statement 1 is correct as per the 2006 Prakash Singh judgment. Statement 2 is incorrect; as per the July 2018 refinement, states must send proposals at least three months (not six months) before the vacancy. Statement 3 is correct as per the recent 2026 Supreme Court order reported in the news, where the UPSC was directed to send reminders and move contempt applications.
Polity · Governance · State Governance · hard
Q5In the context of the news article, the alleged bank fraud petition involved a group company with dues of over a certain amount being sold for a mere Rs 455 crore. What was the approximate amount of dues cited?
View Answer ▾
In the context of the news article, the alleged bank fraud petition involved a group company with dues of over a certain amount being sold for a mere Rs 455 crore. What was the approximate amount of dues cited?
Answer: Over Rs 47,000 crore
The article states that Advocate Prashant Bhushan told the bench that a group company, which had dues of over Rs 47,000 crore, was sold for Rs 455 crore. This highlights the scale of the alleged undervaluation.
Economy · Governance · Banking Regulation · medium
Q6As per the Supreme Court's July 2018 order refining the Prakash Singh guidelines, how many months in advance must a state government send its proposal for a DGP vacancy to the UPSC?
View Answer ▾
As per the Supreme Court's July 2018 order refining the Prakash Singh guidelines, how many months in advance must a state government send its proposal for a DGP vacancy to the UPSC?
Answer: Three months
The Supreme Court, in July 2018, directed all states to send their proposals for DGP appointments to the UPSC at least three months before the serving DGP is due to retire. This was to ensure the UPSC has adequate time to prepare the panel and avoid ad-hoc arrangements.
Polity · Governance · State Governance · medium
Q7The first-ever guidelines for Disaster Victim Identification in India were released by which statutory authority?
View Answer ▾
The first-ever guidelines for Disaster Victim Identification in India were released by which statutory authority?
Answer: National Disaster Management Authority (NDMA)
NDMA is the apex body for disaster management in India, established under the Disaster Management Act, 2005. It is responsible for formulating policies and guidelines on all aspects of disaster management, including victim identification.
Governance · Science Tech · Social Issues · easy
Q8The Central Board of Indirect Taxes and Customs (CBIC) is a statutory body under which Ministry/Department?
View Answer ▾
The Central Board of Indirect Taxes and Customs (CBIC) is a statutory body under which Ministry/Department?
Answer: Department of Revenue, Ministry of Finance
CBIC is the apex body for administering indirect taxes in India and functions under the Department of Revenue within the Ministry of Finance. It is crucial for UPSC aspirants to distinguish between various finance ministry departments.
Economy · Governance · easy
Q9The Sarai Kale Khan-Meerut Namo Bharat RRTS corridor is being implemented by which organization?
View Answer ▾
The Sarai Kale Khan-Meerut Namo Bharat RRTS corridor is being implemented by which organization?
Answer: National Capital Region Transport Corporation (NCRTC)
As per the news article, the National Capital Region Transport Corporation Ltd. (NCRTC) is the implementing agency for the Namo Bharat RRTS corridor. NCRTC is a joint venture specifically created for RRTS projects in the NCR.
Infrastructure · Governance · easy
Q10What is the primary implication of the 'phenomenal haircut' mentioned by the Solicitor General in the context of IBC proceedings?
View Answer ▾
What is the primary implication of the 'phenomenal haircut' mentioned by the Solicitor General in the context of IBC proceedings?
Answer: It signifies that creditors recover only a small fraction of their claims, undermining the Code's objective.
A 'haircut' refers to the loss accepted by creditors. A 'phenomenal haircut' means creditors are recovering very little, which directly contradicts the IBC's core objective of maximizing the value of the debtor's assets for the benefit of all creditors.
Economy · Governance · Banking Regulation · medium
Q11What is the primary objective behind the Supreme Court's recent directive authorizing the UPSC to initiate contempt proceedings against states delaying DGP appointments?
View Answer ▾
What is the primary objective behind the Supreme Court's recent directive authorizing the UPSC to initiate contempt proceedings against states delaying DGP appointments?
Answer: To curb the practice of appointing 'acting' or 'ad-hoc' DGPs by states
The Supreme Court explicitly deprecated the state practice of delaying regular DGP appointments and opting for 'ad-hoc' choices, noting that 'they do not want DGP, they want some acting DGP, ad-hoc DGP, that suits them.' The directive empowers the UPSC to enforce timelines, thereby ensuring regular appointments from the UPSC panel and upholding the police reforms aimed at insulating the police force from political interference.
Polity · Governance · State Governance · medium
Topics Covered
Relevant for UPSC Prelims, MPSC, SSC CGL, Banking , Teaching and State PSC exams.
Articles Covered
- Insolvency and Bankruptcy Code 2016 Misused for Undervalued Asset Sales, ₹47,000 Cr Debt Involved
- SC Directs UPSC to Send Reminders, Start Contempt Proceedings Against States Delaying DGP Appointments
- NDMA Releases First-Ever Disaster Victim Identification Guidelines on Republic Day 2026, Proposes National Dental Data Registry
- CBIC Implements Customs Duty Cuts for Nuclear, Defence, and Critical Minerals to Boost Manufacturing Competitiveness
- Sarai Kale Khan-Meerut Namo Bharat RRTS Corridor to Achieve 1.67 Lakh Daily Ridership, 96.4% Physical Progress
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Why Practice Daily Current Affairs Quiz?
For UPSC, MPSC, SSC, Banking & Teaching exams, reading current affairs is only half the work. Practising MCQs immediately after reading triggers active recall, which is scientifically proven to improve long-term retention compared to passive reading.
- Identify Knowledge Gaps: MCQs reveal what you missed, specific percentages, committee names, constitutional articles, or ministry affiliations.
- Build Elimination Skills: Exam-style distractors train you to eliminate wrong options confidently, especially in UPSC statement-based questions.
- Daily Revision in 5 Minutes: Solving 10-20 questions takes just 5 minutes but serves as an effective daily revision mechanism.
Frequently Asked Questions
What topics are covered in the 5 February 2026 current affairs quiz?▼
The 5 February 2026 quiz covers Economy, Governance, Banking Regulation, Polity with 15 MCQs sourced from The Hindu and Indian Express.
How to use 5 February 2026 daily quiz for UPSC preparation?▼
Attempt the quiz after reading the daily current affairs. Focus on understanding the explanation for each question. Link each topic to your static GK notes for comprehensive preparation.
How many MCQs should I practice daily for competitive exams?▼
Experts recommend 10-20 current affairs MCQs daily. This takes only 5-7 minutes but significantly improves retention through active recall, which is more effective than passive reading.
Are these quiz questions based on The Hindu and Indian Express?▼
Yes. All questions are derived from important news articles published in The Hindu and Indian Express, filtered and ranked by AI for exam relevance across UPSC, MPSC, SSC, Banking & Teaching exams.
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