CURRENT AFFAIRS QUIZ (FOR ALL EXAMs) 1 & 2 FEBRUARY 2026

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Question: With reference to the 16th Finance Commission (16th FC) recommendations, consider the following statements:
1. The recommendation on vertical devolution will be applicable for the period 2026–27 to 2030–31.
2. The 16th Finance Commission recommended retaining the States’ share in the divisible tax pool at 44%.
Which of the statements given above is/are correct?.
(a) 1 only
(b) 2 only
(c) 1 and 2 both
(d) Neither 1 nor 2
Ans (a)

Question: With reference to the 16th Finance Commission (16th FC) recommendations, consider the following statements:
1. It was chaired by Arvind Panagariya, former Vice-Chairman of NITI Aayog.
2. It is a constitutional body constituted under Article 280 of the Constitution of India.
Which of the statements given above is/are correct?.
(a) 1 only
(b) 2 only
(c) 1 and 2 both
(d) Neither 1 nor 2
Ans (c)

Question: Which of the following criteria were used in the horizontal devolution formula of the 16th Finance Commission?
1. Population
2. Forest cover
3. Tax and Fiscal Reforms
4. Contribution to GDP
Select the correct answer using the code given below:
(a) 1 and 2 only
(b) 1 and 3 only
(c) 1, 2 and 4
(d) 2, 3 and 4
Ans (c)

Question: Consider the following statements regarding State-wise tax devolution under the 16th Finance Commission:
1. All five Southern States witnessed an increase in their share of tax devolution.
2. Uttar Pradesh and Bihar continue to have the highest absolute share despite marginal reductions.
Which of the statements given above is/are correct?.
(a) 1 only
(b) 2 only
(c) 1 and 2 both
(d) Neither 1 nor 2
Ans (c)

Question: With reference to ‘CHAKRA’-a Centre of Excellence (CoE), consider the following statements:
1. It was launched by State Bank of India (SBI).
2. It is aimed at financing sunrise sectors.
Which of the statements given above is/are correct?.
(a) 1 only
(b) 2 only
(c) 1 and 2 both
(d) Neither 1 nor 2
Ans (c)

Question: In February 2026, Israel reopened the Rafah border crossing between:
(a) Gaza and Egypt
(b) Gaza and Lebanon
(c) Gaza and Syria
(d) Gaza and Jordan
Ans (a)

Question: In which state more than 1.18 lakh birds injured largely during the Uttarayan kite-flying season have been rescued under the state’s Karuna Abhiyan?
(a) Maharashtra
(b) Rajasthan
(c) Assam
(d) Gujarat
Ans (d)

Question: With reference to the 68th annual Grammy Awards, consider the following statements:
1. Bad Bunny won the album-of-the-year award.
2. Kendrick Lamar became the most-awarded rapper at the Grammys.
Which of the statements given above is/are correct?.
(a) 1 only
(b) 2 only
(c) 1 and 2 both
(d) Neither 1 nor 2
Ans (c)

Question: At 68th annual Grammy Awards, Dalai Lama won his first Grammy Award for:
(a) Best song written for visual media
(b) Best regional roots music album
(c) Best immersive audio album
(d) Best audiobook narration
Ans (d)

Question: With reference to the Australian Open 2026, consider the following statements:
1. Novak Djokovic won the Men’s Singles title.
2. Aryna Sabalenka won the women’s singles title.
Which of the statements given above is/are correct?.
(a) 1 only
(b) 2 only
(c) 1 and 2 both
(d) Neither 1 nor 2
Ans (a)

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