📘 Recent Current Affairs – February 2026
Page 17 – 50 High-Level MCQs Practice (Part 1)

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🔹 Economy & Banking

Q1. Inflation targeting framework in India is legally backed by:
A) Finance Commission
B) RBI Act Amendment
C) FRBM Act
D) SEBI Act
Answer: B

Q2. Which of the following improves bank credit discipline?
1. IBC
2. Asset Reconstruction Companies
3. Unlimited loan waivers
A) 1 only
B) 1 and 2 only
C) 2 and 3 only
D) 1, 2 and 3
Answer: B

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🔹 Environment & Climate

Q3. Carbon markets primarily aim to:
A) Increase fossil fuel consumption
B) Provide tradable emission permits
C) Ban industrial production
D) Reduce agricultural exports
Answer: B

Q4. Net Zero implies:
A) Zero economic growth
B) Zero carbon emissions at source
C) Balancing emissions with removal
D) Ban on energy production
Answer: C

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🔹 Governance & Ethics

Q5. Direct Benefit Transfer reduces:
A) Financial inclusion
B) Leakages in subsidy distribution
C) Digital penetration
D) Banking outreach
Answer: B

Q6. Transparency enhances:
1. Public trust
2. Accountability
3. Secrecy
A) 1 only
B) 1 and 2 only
C) 2 and 3 only
D) 1, 2 and 3
Answer: B

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🔹 Internal Security

Q7. Cyber warfare can target:
1. Power grids
2. Banking systems
3. Social media platforms
A) 1 only
B) 1 and 2 only
C) 1, 2 and 3
D) 2 only
Answer: C

Q8. NIA deals with:
A) Tax administration
B) Terror-related offences
C) Agricultural subsidies
D) Civil disputes
Answer: B

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🔹 Reports & Indices

Q9. HDI is released by:
A) World Bank
B) IMF
C) UNDP
D) WTO
Answer: C

Q10. Global Hunger Index includes:
1. Child stunting
2. Child wasting
3. Military expenditure
A) 1 only
B) 1 and 2 only
C) 2 and 3 only
D) 1, 2 and 3
Answer: B

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🎯 Practice Strategy

• Attempt without seeing answers first
• Eliminate extreme options
• Revise weak topics immediately
• Maintain error notebook

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© 2026 Shaktimatha Learning Recent Current Affairs Series – Page 17 (Advanced MCQs Part 1)