Boost your exam prep with 50 premium MCQs covering India’s Union Budget 2026-27, RBI Policy, Australian Open winners, and National News from 01-10 Feb 2026. Perfect for All India Exam.
Top 50 Current Affairs MCQs: 01 to 10 February 2026 | Exam Ready
Start QuizTop Current Affairs & MCQs: 1st to 10th February 2026
For any competitive exam aspirant in India—be it for SSC, GPSC, Talati, or Police Bharti—staying updated with the first week of February is non-negotiable. Why? Because this is the “Budget Week.” Between February 1st and February 10th, 2026, India witnessed landmark policy shifts, global sporting victories, and significant environmental updates.
In this article, we break down the most critical events of early February 2026 and provide you with the insights needed to ace your upcoming examinations.
The Centerpiece: Union Budget 2026-27
The month kicked off with Finance Minister Nirmala Sitharaman presenting the Union Budget 2026-27. The core philosophy of this budget was “Action over Ambivalence, Reform over Rhetoric.”
Key Budget Highlights for Aspirants:
- Capex Push: A record ₹12.2 Lakh Crore has been allocated for capital expenditure to drive infrastructure growth.
- Bio Pharma SHAKTI: A new ₹10,000 crore scheme launched to make India a global hub for biologics.
- Taxation: While tax slabs remained stable, a new Income Tax Act, 2025 was proposed to simplify the tax regime, effective from April 1, 2026.
- Viksit Bharat Goals: The budget identified three ‘Kartavyas’ (Duties) focusing on economic growth, capacity building, and inclusive development.
Monetary Policy & Banking Updates
Following the budget, the RBI Monetary Policy Committee (MPC) met in the first week of February. Led by Governor Sanjay Malhotra, the committee decided to keep the Repo Rate unchanged at 5.25%.
A major win for small businesses was the enhancement of the collateral-free loan limit for Micro and Small Enterprises (MSEs), which was raised from ₹10 lakh to ₹20 lakh. This move is expected to significantly boost credit flow to the grassroots level.
Sports & Awards: Alcaraz Reigns Supreme
In the world of sports, the Australian Open 2026 concluded with a thrilling finale. Spanish sensation Carlos Alcaraz defeated Novak Djokovic to clinch his first Australian Open title. For exam purposes, remember that this was his 7th Major title overall.
Closer to home, the Wings India 2026 awards recognized excellence in aviation. Uttarakhand bagged the Best Airport Management Award, while Veer Savarkar International Airport in Port Blair was named the best in the under-5-million-passenger category.
Science, Tech & Environment
The first ten days of February also saw India expanding its environmental footprint. Two new sites—Patna Bird Sanctuary (UP) and Chhari-Dhand (Gujarat)—were added to the Ramsar list of wetlands. This brings India’s total Ramsar sites to 98, nearing the century mark.
On the technology front, the DRDO successfully tested Ramjet Technology, a critical component for future supersonic missiles, reinforcing India’s self-reliance in defense.
Why Practice These MCQs?
Examiners love “firsts” and “latest figures.” Whether it’s the 16th Finance Commission’s recommendation to keep the states’ tax share at 41% or the discovery of the Hoya nagaensis plant in Nagaland, these details form the backbone of the General Awareness section.
Practicing the 50 MCQs provided above will help you transition from passive reading to active recall, which is the secret to clearing high-competition exams like PSI or Clerk recruitment.
Conclusion
The first dekad of February 2026 has set a high-paced tone for the year. From the structural reforms of the Budget to the strategic shifts in the RBI policy, these events are certain to appear in your question papers. Stay consistent, keep revising, and focus on the “why” behind every news story.