Question 1

What topics are covered in the 7 February 2026 current affairs quiz?

Accepted Answer

The 7 February 2026 quiz covers Economy, International Relations, Banking Regulation, Governance with 15 MCQs sourced from The Hindu and Indian Express.

Question 2

How to use 7 February 2026 daily quiz for UPSC preparation?

Accepted Answer

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.

Question 3

How many MCQs should I practice daily for competitive exams?

Accepted Answer

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.

Question 4

Are these quiz questions based on The Hindu and Indian Express?

Accepted Answer

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.

Question 5

The interim trade agreement between India and the United States was announced by the Union Minister for Commerce and Industry. Who is the current holder of this portfolio?

Accepted Answer

Piyush Goyal, Piyush Goyal is the Union Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution, and Textiles. The tweet quoted in the article is from his official handle, announcing the framework.

Question 6

Which statutory committee is responsible for deciding the policy repo rate in India?

Accepted Answer

Monetary Policy Committee (MPC), The Monetary Policy Committee (MPC) is a statutory body constituted under the Reserve Bank of India Act, 1934. Its primary objective is to maintain price stability while keeping in mind the objective of growth, and it does so by fixing the benchmark interest rate (repo rate). The RBI's Central Board oversees general superintendence, while FSDC focuses on macro-prudential regulation.

Question 7

The proposed framework for compensating victims of digital frauds will be funded from which of the following funds managed by the Reserve Bank of India?

Accepted Answer

Deposit Education and Awareness Fund, As stated by RBI Deputy Governor Swaminathan J, the payout will be made from the surplus income accrued on the Deposit Education and Awareness Fund (DEAF). This fund also holds unclaimed deposits.

Question 8

The 'IndiaAI Mission', which subsidises GPU access for startups, falls under the purview of which Union Ministry?

Accepted Answer

Ministry of Electronics and Information Technology (MeitY), The IndiaAI Mission is a flagship initiative under the Ministry of Electronics and Information Technology (MeitY). It aims to strengthen the AI innovation ecosystem through funding, infrastructure (like GPU access), and strategic programs.

Question 9

The Supreme Court directive in the news pertains to the appointment of which key state police official?

Accepted Answer

Director General of Police (DGP), The Supreme Court's Prakash Singh judgment and the subsequent directives specifically govern the appointment process and tenure of the Director General of Police (DGP), the head of the state police force, to ensure its autonomy.

Question 10

Under the Bonded Labour System (Abolition) Act, 1976, who is the primary district-level authority responsible for identification, release, and rehabilitation of bonded labourers?

Accepted Answer

District Collector, The Bonded Labour System (Abolition) Act, 1976, designates the District Magistrate (District Collector) as the pivotal authority for executing the provisions of the Act, including conducting raids, issuing release certificates, and overseeing rehabilitation.

Question 11

The 'IndiaAI Mission', with a budgetary outlay of Rs 10,370 crore, falls under the purview of which Union Ministry?

Accepted Answer

Ministry of Electronics and Information Technology (MeitY), The IndiaAI Mission is a flagship initiative under the Ministry of Electronics and Information Technology (MeitY) aimed at strengthening the AI ecosystem in India through funding for compute infrastructure, datasets, and startups.

Question 12

The SHANTI Bill, 2025, mentioned in the context of opening the nuclear sector, primarily comes under the purview of which government department?

Accepted Answer

Department of Atomic Energy, The SHANTI Bill (Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India) pertains to the nuclear energy sector, which is governed by the Department of Atomic Energy (DAE) under the Prime Minister's Office. The DAE is responsible for all nuclear power generation and research in India.

Question 13

The concept of Gender Budgeting in India is primarily associated with the mandate of which ministry?

Accepted Answer

Ministry of Women and Child Development, The Ministry of Women and Child Development (WCD) is the nodal agency for promoting Gender Budgeting in India. It issues guidelines and works with other ministries to integrate a gender perspective into their budgets, although the Department of Economic Affairs (Ministry of Finance) also plays a role in the overall process.

Question 14

The proposed compensation framework for digital frauds will be funded from which of the following funds managed by the RBI?

Accepted Answer

Deposit Education and Awareness Fund (DEAF), RBI Deputy Governor Swaminathan J stated that the payout will be made from surplus income accrued on the Deposit Education and Awareness Fund. This fund, established under the Banking Regulation Act, also includes unclaimed deposits.

Question 15

Consider the following statements regarding the India-US interim trade agreement:
1. India secured the complete removal of all Section 232 tariffs imposed by the United States.
2. The concessions under Section 232 are subject to the outcome of an ongoing case in the US Supreme Court.
3. India agreed to address long-standing non-tariff barriers on US medical devices and ICT goods.

Accepted Answer

Both 1 and 3, Statement 1 is incorrect because India secured concessions (like TRQ for auto parts, outcomes for pharma) on 'certain' items, not the complete removal of all Section 232 tariffs. Statement 2 is incorrect as the article explicitly states the Section 232 concession is NOT subject to the Supreme Court case. Statement 3 is correct as per the joint statement.

Question 16

Consider the following statements regarding the recent RBI Monetary Policy and economic context:
1. The RBI cut the repo rate by a cumulative 125 basis points in the year 2025.
2. India's GDP growth for FY26, as per advance estimates, is projected to be 7.4%.
3. The US-India trade deal is expected to boost India's GDP growth for FY27 by 0.5 percentage points.
Which of the statements given above is/are correct?

Accepted Answer

Both 1 and 2, Statement 1 is correct: The article states the RBI had cut rates by a cumulative 125 bps in 2025. Statement 2 is correct: The advance estimate for FY26 GDP growth is 7.4%. Statement 3 is incorrect: The article mentions the trade deal is expected to provide a growth boost of around 0.2 percentage points, not 0.5.

Question 17

Consider the following statements regarding the rat-hole mining incident in Meghalaya:
1. Rat-hole mining involves digging narrow vertical pits to extract coal.
2. The National Green Tribunal (NGT) imposed a ban on this practice in Meghalaya in 2014.
3. The Mines and Minerals (Development and Regulation) Act, 1957, does not apply to coal mining in tribal areas of the Northeast.

Accepted Answer

Both 1 and 2, Statement 1 is correct: Rat-hole mining involves narrow pits. Statement 2 is correct: The NGT banned it in 2014. Statement 3 is incorrect: The MMDR Act, 1957, is the central law governing all mines and minerals, including coal, across India. Its provisions apply nationwide, though state governments have certain roles in regulation.

Question 18

As per the joint statement, what is the value of US products that India 'intends' to purchase over the next five years under the interim trade framework?

Accepted Answer

$500 billion, The joint statement said India 'intends' to purchase $500 billion of U.S. energy products, aircraft, precious metals, technology, and coking coal over the next 5 years. Note the strategic use of the word 'intends', indicating it is not a legally binding commitment.

Question 19

As per the article, what is the approximate share of the United States in India's total exports?

Accepted Answer

Approximately 20%, The article clearly states that exports to the US account for around 20% of India's exports. This is a crucial data point highlighting the significance of the bilateral trade relationship and the impact of US tariffs.

Daily Current Affairs Quiz, 7 February 2026MCQs for UPSC, MPSC, SSC, Banking & Teaching Exams

All Questions in Today's Current Affairs Quiz

Topics Covered

Articles Covered

Practice More Quizzes

Related Current Affairs Resources

Why Practice Daily Current Affairs Quiz?

Frequently Asked Questions