Practice Current Affairs Quiz to stay updated with national, international, economic, and banking news. This quiz is based on the previous day’s current affairs and is designed to boost your exam readiness, improve speed and accuracy, strengthen memory, and build confidence for competitive exams and interviews.
Daily Current Affairs: 3 February, 2026
Q1. Yantra India Limited (YIL) was granted __________ status in February 2026, and it was incorporated following the corporatisation of the Ordnance Factory Board on __________.
(a) Maharatna — 15 August 2021
(b) Navratna — 26 January 2021
(c) Miniratna Category-I — 1 October 2021
(d) Miniratna Category-II — 5 September 2021
(e) Navratna — 1 October 2021
Answer: c
Solution:
- In February 2026, Raksha Mantri Shri Rajnath Singh approved the grant of Miniratna Category-I status to Yantra India Limited (YIL).
- Since its inception, YIL has recorded strong financial growth, with sales rising from ₹956.32 crore in FY 2021–22 (H2) to ₹3,108.79 crore in FY 2024–25.
- On the export front, YIL achieved a rise from zero exports in FY 2021–22 (H2) to ₹321.77 crore in FY 2024–25.
- Major products of YIL include:
- Carbon fibre and glass composites
- Aluminium alloys
- Assembly products for medium and large calibre ammunition
- Components for armoured vehicles, artillery guns, and main battle tanks (MBTs)
- The Miniratna Category-I status empowers YIL’s Board to undertake capital expenditure up to ₹500 crore on new projects, modernisation, and equipment purchase without prior government approval.
- YIL is one of the seven Defence Public Sector Undertakings (DPSUs) created after the corporatisation of the Ordnance Factory Board (OFB) on 1 October 2021.
- The company operates as a Schedule ‘A’ DPSU under the Department of Defence Production.
- In May 2025, three other DPSUs—Munitions India Limited, Armoured Vehicles Nigam Limited, and India Optel Limited—were also granted Miniratna-I status.
Q2. Who has been concurrently accredited as the next Ambassador of India to the Republic of the Marshall Islands while serving as India’s Ambassador to Japan?
(a) Meenakshi Lekhi
(b) Nagma Mohamed Mallick
(c) Ruchira Kamboj
(d) T. S. Tirumurti
(e) Anurag Srivastava
Answer: b
Solution:
- Nagma Mohamed Mallick (IFS: 1991) has been concurrently accredited as the Ambassador of India to the Republic of the Marshall Islands.
- She will hold this additional diplomatic charge while continuing as India’s Ambassador to Japan.
- Her residence will remain in Tokyo, from where she will oversee diplomatic relations with the Marshall Islands.
Q3. In February 2026, the Dalai Lama was honored with his first Grammy Award for his spoken-word album. In which of the following specific categories did he receive this recognition?
(a) Best New Age, Ambient, or Chant Album
(b) Best Spoken Word Poetry Album
(c) Best Audio Book, Narration, and Storytelling Recording
(d) Best Compilation Soundtrack for Visual Media
(e) Best Global Music Album
Answer: c
Solution:
- The Dalai Lama, the spiritual leader of Tibet, won his first Grammy Award in 2026 at the age of 90.
- The award was received for his spoken-word album titled “Meditations: The Reflections of His Holiness the Dalai Lama.”
- He was honoured in the category of Best Audio Book, Narration, and Storytelling Recording.
- The recognition was conferred at the 68th Annual Grammy Awards.
- The achievement marks a significant milestone in his lifelong efforts to promote peace, compassion, and spiritual reflection through his teachings.
Q4. In February 2026, Prime Minister Narendra Modi renamed the Adampur Airport in Punjab. What is the newly designated name of this airport?
(a) Sri Guru Ravidas Maharaj Ji Airport
(b) Shaheed Bhagat Singh International Airport
(c) Maharishi Valmiki International Airport
(d) Sant Shiromani Namdev Ji Airport
(e) Baba Sahib Ambedkar Regional Airport
Answer: a
Solution:
- In February 2026, Prime Minister Narendra Modi announced the renaming of Adampur Airport in Jalandhar, Punjab.
- The airport has been renamed as Sri Guru Ravidas Maharaj Ji Airport.
- The decision fulfilled a long-standing demand raised by various political parties and social groups in Punjab.
- The move is seen as a step towards honouring the legacy and contributions of Sri Guru Ravidas Maharaj Ji.
- The renaming also reflects efforts to strengthen regional cultural and historical recognition in public infrastructure.
Q5. In the trade deal announced on February 2, 2026, President Donald Trump reduced the reciprocal tariff on Indian goods to what percentage?
(a) 10%
(b) 15%
(c) 22%
(d) 20%
(e) 18%
Answer: e
Solution:
- On 2 February 2026, U.S. President Donald Trump announced the conclusion of a trade deal between India and the United States.
- Under the agreement, the United States will reduce its reciprocal tariff on Indian goods from 25% to 18%.
- Earlier, the U.S. had imposed a 25% reciprocal tariff, along with an additional 25% levy linked to India’s purchases of Russian oil.
- The revised tariff structure is aimed at easing trade tensions and promoting bilateral trade and market access between the two countries.
- The development marks a significant step in India–US economic and strategic trade relations.


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