Find the current affairs quiz 3 February 2026 by Exam Charcha.
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Current Affairs Quiz – 3 February 2026 (Test Now)
1. Who coined the term ‘Orange Economy’?
a) Joseph Nye and Adam Smith
b) Iván Duque Márquez and Felipe Buitrago
c) Michael Porter and Clayton Christensen
d) Peter Drucker and Philip Kotler
Show Answer
Correct Answer: b) Iván Duque Márquez and Felipe Buitrago
2. In which year was the concept of Orange Economy introduced?
a) 2010
b) 2011
c) 2013
d) 2015
Show Answer
Correct Answer: c) 2013
3. How many AVGC Content Creator Labs will be established in secondary schools?
a) 10,000
b) 12,000
c) 15,000
d) 18,000
Show Answer
Correct Answer: c) 15,000
4. How many AVGC Content Creator Labs will be set up in colleges?
a) 300
b) 400
c) 500
d) 600
Show Answer
Correct Answer: c) 500
5. How many National Institutes of Design (NIDs) currently exist in India?
a) 5
b) 7
c) 9
d) 11
Show Answer
Correct Answer: b) 7
6. What is the estimated size of India’s Orange Economy?
a) USD 20 billion
b) USD 25 billion
c) USD 30 billion
d) USD 35 billion
Show Answer
Correct Answer: c) USD 30 billion
7. What percentage of India’s working population is employed in the Orange Economy?
a) Around 5%
b) Around 8%
c) Around 10%
d) Around 12%
Show Answer
Correct Answer: b) Around 8%
8. Who is the Chairperson of the 16th Finance Commission?
a) Dr. Raghuram Rajan
b) Dr. Arvind Panagariya
c) Dr. Urjit Patel
d) Dr. C. Rangarajan
Show Answer
Correct Answer: b) Dr. Arvind Panagariya
9. When was the 16th Finance Commission constituted?
a) 2021
b) 2022
c) 2023
d) 2024
Show Answer
Correct Answer: c) 2023
10. What is the states’ share in the divisible pool as per the 16th Finance Commission?
a) 38%
b) 40%
c) 41%
d) 42%
Show Answer
Correct Answer: c) 41%
11. What is the fiscal deficit cap for states recommended by the 16th Finance Commission?
a) 2.5% of GSDP
b) 3% of GSDP
c) 3.5% of GSDP
d) 4% of GSDP
Show Answer
Correct Answer: b) 3% of GSDP
12. What is the corpus of the SME Growth Fund announced in Budget 2026-27?
a) ₹7,500 crore
b) ₹8,500 crore
c) ₹10,000 crore
d) ₹12,000 crore
Show Answer
Correct Answer: c) ₹10,000 crore
13. What additional amount is earmarked for micro enterprises through the SRI Fund?
a) ₹1,000 crore
b) ₹1,500 crore
c) ₹2,000 crore
d) ₹2,500 crore
Show Answer
Correct Answer: c) ₹2,000 crore
14. When was the Self-Reliant India (SRI) Fund originally launched?
a) 2019
b) 2020
c) 2021
d) 2022
Show Answer
Correct Answer: c) 2021
15. When was CGTMSE established?
a) 1995
b) 1998
c) 2000
d) 2002
Show Answer
Correct Answer: c) 2000
16. What is the total outlay for Biopharma SHAKTI over five years?
a) ₹7,500 crore
b) ₹8,500 crore
c) ₹10,000 crore
d) ₹12,000 crore
Show Answer
Correct Answer: c) ₹10,000 crore
17. How many new NIPERs will be established under Biopharma SHAKTI?
a) 2
b) 3
c) 4
d) 5
Show Answer
Correct Answer: b) 3
18. How many existing NIPERs will be upgraded under Biopharma SHAKTI?
a) 5
b) 6
c) 7
d) 8
Show Answer
Correct Answer: c) 7
19. How many accredited clinical trial sites will be created under Biopharma SHAKTI?
a) 500+
b) 750+
c) 1,000+
d) 1,500+
Show Answer
Correct Answer: c) 1,000+
20. What is India’s bioeconomy target by 2030?
a) USD 200 billion
b) USD 250 billion
c) USD 300 billion
d) USD 350 billion
Show Answer
Correct Answer: c) USD 300 billion
21. What is the contribution of India’s bioeconomy to GDP?
a) 3.25%
b) 3.75%
c) 4.25%
d) 4.75%
Show Answer
Correct Answer: c) 4.25%
22. What does MESSENGER stand for?
a) Mercury Surface, Space ENvironment, GEochemistry, and Ranging
b) Mercury Science, Space Exploration, and Ranging
c) Mercury Surface Environment and Geographic Research
d) Mercury Study, Space ENvironment, and GEologic Research
Show Answer
Correct Answer: a) Mercury Surface, Space ENvironment, GEochemistry, and Ranging
23. Which planet is Mercury the second densest planet after?
a) Venus
b) Mars
c) Earth
d) Jupiter
Show Answer
Correct Answer: c) Earth
24. Which crossing is Gaza’s only border crossing that does not pass through Israel?
a) Erez Crossing
b) Kerem Shalom Crossing
c) Rafah Crossing
d) Karni Crossing
Show Answer
Correct Answer: c) Rafah Crossing
25. Which sea borders the Donetsk region to the south?
a) Black Sea
b) Caspian Sea
c) Sea of Azov
d) Mediterranean Sea
Show Answer
Correct Answer: c) Sea of Azov
26. What is the other core region of Donbas apart from Donetsk?
a) Kharkiv
b) Luhansk
c) Zaporizhzhia
d) Dnipro
Show Answer
Correct Answer: b) Luhansk
27. What is the current MAT rate before the Budget 2026-27 reduction?
a) 12%
b) 14%
c) 15%
d) 18%
Show Answer
Correct Answer: c) 15%
28. What is the proposed reduced MAT rate in Budget 2026-27?
a) 12%
b) 13%
c) 14%
d) 15%
Show Answer
Correct Answer: c) 14%
29. In which region of Saudi Arabia was snowfall recorded for the first time in interior deserts?
a) Asir Region
b) Tabuk Region
c) Al-Jawf Region
d) Najran Region
Show Answer
Correct Answer: c) Al-Jawf Region
30. What is the largest lake in Saudi Arabia located in the Al-Jawf region?
a) Al-Kharj Lake
b) Dawmat al-Jandal Lake
c) Al-Hasa Lake
d) Layla Lake
Show Answer
Correct Answer: b) Dawmat al-Jandal Lake
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3 February 2026 Current Affairs
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