Daily Current Affairs Quiz 16th February 2026 Check Important Questions Here

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.

Q1. In February 2026, the Prime Minister announced the doubling of the loan target under the Agriculture Infrastructure Fund (AIF) to strengthen the agricultural value chain. What is the new loan target under the scheme?

(a) ₹1.25 lakh crore
(b) ₹1.5 lakh crore
(c) ₹1.75 lakh crore
(d) ₹2 lakh crore
(e) ₹2.5 lakh crore

Answer: d

Solution:

• In February 2026, the Prime Minister announced the doubling of the loan target under the Agriculture Infrastructure Fund from ₹1 lakh crore to ₹2 lakh crore to strengthen India’s entire agriculture value chain.

Q2. In February 2026, the Prime Minister approved Startup India Fund of Funds (FoF) 2.0 to strengthen the innovation ecosystem. What is the corpus of this fund?

(a) ₹5,000 crore
(b) ₹7,500 crore
(c) ₹8,000 crore
(d) ₹12,000 crore
(e) ₹10,000 crore

Answer: e

Solution:

• In February 2026, the Prime Minister approved the Startup India Fund of Funds (FoF) 2.0 with a corpus of ₹10,000 crore to strengthen India’s innovation ecosystem, particularly in deep tech, early-stage ideas, advanced manufacturing, and breakthrough technologies.

Q3. The inauguration of the Waterjet Production & Testing Facility of M/s Marine Jet Power (MJP) India in Goa in February 2026 marked a significant milestone for maritime self-reliance. With this development, India became which country in the world to host such a facility?

(a) First
(b) Second
(c) Third
(d) Fourth
(e) Fifth

Answer: c

Solution:

• The Director General of the Indian Coast Guard, DG Paramesh Sivamani, inaugurated the Waterjet Production & Testing Facility of M/s Marine Jet Power (MJP) India in Goa on 13 February 2026.
• The facility marks a significant step in India’s pursuit of maritime self-reliance (Aatmanirbharta).
• With this facility, India becomes the third country in the world, after the United States and South Korea, to host such a waterjet production and testing centre.
• The facility has been set up under a Manufacturing and Transfer of Technology framework.
• It will help establish a domestic supply chain and enable indigenous testing of waterjet propulsion systems.
• The centre is expected to become a regional hub for South Asia and nearby regions.
• The initiative will also contribute to employment generation, support the MSME ecosystem, and enhance technology absorption in India.

Q4. The Emergency Landing Facility inaugurated by the Prime Minister on 14 February 2026 at Moran Bypass is the first of its kind in the Northeast. In which state is this facility located?

(a) Assam
(b) Manipur
(c) Arunachal Pradesh
(d) Meghalaya
(e) Tripura

Answer: a

Solution:

• Prime Minister Narendra Modi inaugurated an Emergency Landing Facility on 14 February 2026.
• The facility is located on the Moran Bypass along a national highway in Dibrugarh district of Assam.
• It is the first such facility in Northeast India.
• The Emergency Landing Facility has been designed and constructed in coordination with the Indian Air Force.
• It will support the landing and take-off of both military and civil aircraft during emergencies.

Q5. Under the RBI’s new acquisition financing rules, banks are permitted to lend up to what proportion of the acquisition value?(a) 50%
(b) 75%
(c) 65%
(d) 60%
(e) 80%

Answer: b

Solution:

• The Reserve Bank of India (RBI) has allowed Indian banks to finance acquisitions up to 20% of their eligible capital base.
• Earlier, the draft rules had proposed a cap of 10% of Tier-1 capital, but banks requested a higher limit.
• The RBI accepted the banks’ recommendation and increased the cap to 20% in the final guidelines.
• Previously, Indian banks were not permitted to finance acquisitions, which placed them at a disadvantage compared to foreign banks and investment funds.
• The new rule opens a fresh avenue for credit growth for Indian banks.
• Banks will be allowed to lend up to 75% of the acquisition value.
• Acquisition financing will be permitted for the purchase of both listed and unlisted companies.
• The acquisition of stakes can be through equity shares, compulsorily convertible debentures (CCDs), or a combination of both.