Current Affairs MCQs 03 February 2026
Add as a preferred Source on GoogleCurrent Affairs MCQs 03 February 2026 are provided here with detailed answers and explanations. These questions are designed to help students preparing for APPSC and other competitive exams. Practice these daily current affairs quizzes to strengthen your exam preparation.
Q1. Which of the following States will benefit from the Rare Earth Corridors announced in the Union Budget 2026 to promote mining and processing of critical minerals?
A. Gujarat, Maharashtra, Karnataka, Telangana
B. Odisha, Kerala, Andhra Pradesh, Tamil Nadu
C. Rajasthan, Madhya Pradesh, Chhattisgarh, Bihar
D. Punjab, Haryana, Uttar Pradesh, West Bengal
Show Answer
Answer: B. Odisha, Kerala, Andhra Pradesh, Tamil Nadu
Explanation: The Union Budget 2026 announced the establishment of Rare Earth Corridors in mineral-rich States — Odisha, Kerala, Andhra Pradesh, and Tamil Nadu — to strengthen domestic mining, processing, and manufacturing of critical minerals and reduce import dependence.
Q2. The ‘SHE Marts’ initiative announced in the Union Budget 2026 primarily aims to:
A. Provide scholarships for girl students
B. Establish women-only universities
C. Create community-owned retail outlets to promote women entrepreneurship
D. Offer free ration to women households
Show Answer
Answer: C. Create community-owned retail outlets to promote women entrepreneurship
Explanation: SHE Marts are self-help entrepreneur marts designed as community-owned retail outlets run by women SHGs to promote entrepreneurship and income generation.
Q3. How much amount has been allocated in the Union Budget 2026–27 for conducting the Population Census 2027 in India?
A. ₹3,000 crore
B. ₹4,500 crore
C. ₹6,000 crore
D. ₹11,718 crore
Show Answer
Answer: C. ₹6,000 crore
Explanation: The Union Budget 2026–27 allocated ₹6,000 crore specifically for conducting the Population Census 2027, aimed at nationwide demographic and socio-economic data collection.
Q4. How much amount has been earmarked in the Union Budget 2026 for the Carbon Capture, Utilisation and Storage (CCUS) scheme to support India’s net-zero goals?
A. ₹5,000 crore
B. ₹10,000 crore
C. ₹15,000 crore
D. ₹20,000 crore
Show Answer
Answer: D. ₹20,000 crore
Explanation: The Union Budget 2026 allocated ₹20,000 crore for Carbon Capture, Utilisation and Storage (CCUS) technologies to reduce emissions from hard-to-abate industrial sectors and support India’s net-zero target.
Q5. What is the total estimated outlay for the seven high-speed rail corridors announced in the Union Budget 2026?
A. ₹6 lakh crore
B. ₹10 lakh crore
C. ₹16 lakh crore
D. ₹20 lakh crore
Show Answer
Answer: C. ₹16 lakh crore
Explanation: The Union Budget 2026 announced seven high-speed rail corridors covering 4,000 km with an estimated total investment of ₹16 lakh crore to improve connectivity and economic growth.
Q6. The Union Budget 2026–27 made no allocation for which strategic overseas port project of India, earlier funded with ₹400 crore?
A. Hambantota Port
B. Chabahar Port
C. Gwadar Port
D. Colombo Port City
Show Answer
Answer: B. Chabahar Port
Explanation: The Union Budget 2026–27 did not allocate funds for India’s Chabahar Port project in Iran, which had received ₹400 crore in the previous fiscal, amid geopolitical and tariff pressures.
Q7. How much amount has been allocated in the Union Budget 2026–27 for the Amaravati Integrated Urban Development Programme in Andhra Pradesh?
A. ₹155.32 crore
B. ₹350 crore
C. ₹432.09 crore
D. ₹500.99 crore
Show Answer
Answer: C. ₹432.09 crore
Explanation: The Union Budget 2026–27 allocated ₹432.09 crore for the Amaravati Integrated Urban Development Programme to support infrastructure and urban development in Andhra Pradesh’s capital region.
Q8. How much amount has been allocated in the Union Budget 2026–27 for the completion of the Polavaram Irrigation Project in Andhra Pradesh?
A. ₹1,500 crore
B. ₹2,500 crore
C. ₹3,320 crore
D. ₹3,752 crore
Show Answer
Answer: C. ₹3,320 crore
Explanation: The Union Budget 2026–27 allocated ₹3,320 crore towards the revised cost and completion of the Polavaram Irrigation Project to enhance irrigation and water storage capacity in Andhra Pradesh.
Q9. Which of the following Defence Public Sector Undertakings was recently granted ‘Miniratna Category-I’ status by the Government of India in February 2026?
A. Munitions India Limited
B. Armoured Vehicles Nigam Limited
C. India Optel Limited
D. Yantra India Limited
Show Answer
Answer: D. Yantra India Limited
Explanation: Yantra India Limited (YIL) was recently granted ‘Miniratna Category-I’ status in recognition of its strong performance in turnover growth, exports, and indigenisation within the defence manufacturing sector.
Q10. The ‘Biopharma SHAKTI’ initiative announced in the Union Budget 2026–27 has an outlay of:
A. ₹1,500 crore
B. ₹5,000 crore
C. ₹10,000 crore
D. ₹15,000 crore
Show Answer
Answer: C. ₹10,000 crore
Explanation: Biopharma SHAKTI was launched with an outlay of ₹10,000 crore over five years to strengthen India’s biologics and biosimilars ecosystem and position India as a global biopharma hub.
In this set of Current Affairs MCQs 03 February 2026, we have compiled questions from the most reliable and exam-focused sources. The content is carefully prepared from trusted newspapers and official government releases. At Readingroomz Current Affairs, we ensure that every important update is simplified, explained, and transformed into exam-ready questions and notes. This approach saves aspirants valuable time while making sure they never miss any crucial topic for APPSC Exams.
