Below are 10 important multiple-choice questions (MCQs) from the daily current affairs of Monday, 02 February 2026. Click the "Show Answer" button to reveal the correct answer along with a detailed explanation. These questions are useful for UPSC, SSC, Banking, Railway and all competitive exams.

1What is the total budget allocated to the Ministry of Defence for FY 2026-27?
A.₹6.81 lakh crore
B.₹9.12 lakh crore
C.₹8.45 lakh crore
D.₹7.84 lakh crore

Correct Answer: D. ₹7.84 lakh crore

Explanation:In the Union Budget 2026-27, the Ministry of Defence received an allocation of about ₹7.84 lakh crore, the highest for any ministry, focusing on modernisation of the armed forces, capital expenditure and strengthening defence capability.

2From which tax year will the separate Income Computation and Disclosure Standards (ICDS) compliance be removed?
A.2025–26
B.2026–27
C.2027–28
D.2028–29

Correct Answer: C. 2027–28

Explanation:To simplify tax compliance, the separate computation and disclosure requirement under ICDS is proposed to be removed from tax year 2027–28, reducing the burden of duplicate accounting on taxpayers.

3As per Union Budget 2026-27, the first 'Kartavya' (duty) announced by the Finance Minister focuses on:
A.Accelerating economic growth
B.Welfare schemes
C.Employment guarantee
D.Population control

Correct Answer: A. Accelerating economic growth

Explanation:The first 'Kartavya' announced in Budget 2026-27 is centred on accelerating the country's economic growth so as to boost investment, production and employment generation.

4Which state was named the Best State for promoting the aviation ecosystem at Wings India 2026?
A.Himachal Pradesh
B.Uttarakhand
C.Sikkim
D.Arunachal Pradesh

Correct Answer: B. Uttarakhand

Explanation:Uttarakhand was honoured as the Best State at Wings India 2026 for its efforts in developing the aviation ecosystem and boosting regional air connectivity.

5The 'Mukhyamantri Eti Koli Dati Pat' scheme was launched by which state government?
A.West Bengal
B.Assam
C.Tripura
D.Meghalaya

Correct Answer: B. Assam

Explanation:This scheme was launched by the Government of Assam, focusing on the welfare and socio-economic support of beneficiaries in the state.

6The Supreme Court declared menstrual health to be an integral part of which fundamental right?
A.Article 14
B.Article 15
C.Article 19
D.Article 21

Correct Answer: D. Article 21

Explanation:The Supreme Court held menstrual health to be an integral part of Article 21 (Right to Life and Dignity), reinforcing women's right to health and a dignified life.

7The death anniversary of which freedom fighter on 30 January is observed as Martyrs' Day?
A.Subhash Chandra Bose
B.Jawaharlal Nehru
C.Bhagat Singh
D.Mahatma Gandhi

Correct Answer: D. Mahatma Gandhi

Explanation:Mahatma Gandhi was assassinated on 30 January 1948; this day is observed nationally as Martyrs' Day (Shaheed Diwas).

8Under the NPS health pension scheme, up to what percentage of their contribution can subscribers withdraw for medical purposes?
A.25%
B.45%
C.30%
D.20%

Correct Answer: A. 25%

Explanation:Under NPS, subscribers can make a partial withdrawal of up to 25% of their contribution for medical/specified needs, helping meet emergency healthcare expenses.

9Which Indian university has been chosen as a pilot campus for an AI-enabled teaching, learning and administration system?
A.Jawaharlal Nehru University
B.Banaras Hindu University
C.Chaudhary Charan Singh University
D.Delhi University

Correct Answer: C. Chaudhary Charan Singh University

Explanation:Chaudhary Charan Singh University was selected as the pilot campus for an AI-enabled teaching, learning and administration system, promoting technology integration in higher education.

10Who has been appointed Chairman of the Strategic Asset Allocation and Risk Governance (SAARG) committee constituted by PFRDA?
A.M. S. Sahoo
B.Narayan Ramachandran
C.Ananth Narayan
D.Jayant Chaudhary

Correct Answer: B. Narayan Ramachandran

Explanation:PFRDA appointed Narayan Ramachandran as Chairman of the SAARG committee, set up to review strategic asset allocation and risk management of pension funds.