MCQ Test: February 04, 2026 - Current affairs for all the Exams: India and United States Finalize Landmark Trade Deal; US Slashes Tariffs to 18%

1. Under the landmark India-US Trade Deal announced in 2026, the United States has agreed to reduce reciprocal tariffs on Indian imports to what percentage?

A) 25% B) 20% C) 18% D) 15%

2. Which of the following sectors in India have been specifically excluded from the India-US Trade Deal to protect rural interests?

A) MSMEs and Textiles B) Agriculture and Dairy C) Engineering goods and Jewellery D) Energy and Technology

3. As part of the trade agreement, India has committed to halting the purchase of crude oil from which country?

A) Iran B) Saudi Arabia C) Russia D) UAE

4. What is the estimated value of the American energy, technology, and agricultural products India has committed to importing under the new deal?

A) $250 billion B) $400 billion C) $500 billion D) $650 billion

5. Following the trade deal announcement, the Indian Rupee (INR) strengthened to approximately what level against the US Dollar?

A) 85.5 per USD B) 90.4 per USD C) 82.1 per USD D) 92.5 per USD

6. The Union Budget 2026-27 introduced a hike in the Securities Transaction Tax (STT) specifically targeting which segment?

A) Long-term capital gains B) Corporate dividends C) Futures and Options (F&O) trading D) Real estate transactions

7. Who is the Chief Justice of India (CJI) who issued a stern warning to Meta and WhatsApp regarding their privacy policies in February 2026?

A) Justice D.Y. Chandrachud B) Justice Surya Kant C) Justice Sanjiv Khanna D) Justice B.R. Gavai

8. The 13th edition of the joint military exercise 'KHANJAR' is being conducted between India and which nation?

A) Kazakhstan B) Uzbekistan C) Kyrgyzstan D) Tajikistan

9. Where is the joint military exercise KHANJAR taking place in February 2026?

A) Pithoragarh, Uttarakhand B) Misamari, Assam C) Bakloh, Himachal Pradesh D) Umroi, Meghalaya

10. Which cricket board has officially announced a boycott of its T20 World Cup match against India scheduled for February 15?

A) Bangladesh Cricket Board B) Sri Lanka Cricket C) Pakistan Cricket Board D) Cricket South Africa

11. What is the potential financial penalty warned by the ICC and broadcasters due to the T20 World Cup match boycott?

A) $100 million B) $150 million C) $200 million D) $250 million

12. Which prominent Indian politician and state Deputy Chief Minister recently passed away in a plane crash?

A) Devendra Fadnavis B) Ajit Pawar C) Eknath Shinde D) Shivraj Singh Chouhan

ALL TN Comp Exams Prep

February 04, 2026 - Current affairs for all the Exams: India and United States Finalize Landmark Trade Deal; US Slashes Tariffs to 18%

Your Score: 0 / 0

1. Under the landmark India-US Trade Deal announced in 2026, the United States has agreed to reduce reciprocal tariffs on Indian imports to what percentage?

2. Which of the following sectors in India have been specifically excluded from the India-US Trade Deal to protect rural interests?

3. As part of the trade agreement, India has committed to halting the purchase of crude oil from which country?

4. What is the estimated value of the American energy, technology, and agricultural products India has committed to importing under the new deal?

5. Following the trade deal announcement, the Indian Rupee (INR) strengthened to approximately what level against the US Dollar?

6. The Union Budget 2026-27 introduced a hike in the Securities Transaction Tax (STT) specifically targeting which segment?

7. Who is the Chief Justice of India (CJI) who issued a stern warning to Meta and WhatsApp regarding their privacy policies in February 2026?

8. The 13th edition of the joint military exercise 'KHANJAR' is being conducted between India and which nation?

9. Where is the joint military exercise KHANJAR taking place in February 2026?

10. Which cricket board has officially announced a boycott of its T20 World Cup match against India scheduled for February 15?

11. What is the potential financial penalty warned by the ICC and broadcasters due to the T20 World Cup match boycott?

12. Which prominent Indian politician and state Deputy Chief Minister recently passed away in a plane crash?

February 04, 2026 - Current affairs for all the Exams: India and United States Finalize Landmark Trade Deal; US Slashes Tariffs to 18%

Your Score: 0 / 0

1. Under the landmark India-US Trade Deal announced in 2026, the United States has agreed to reduce reciprocal tariffs on Indian imports to what percentage?

2. Which of the following sectors in India have been specifically excluded from the India-US Trade Deal to protect rural interests?

3. As part of the trade agreement, India has committed to halting the purchase of crude oil from which country?

4. What is the estimated value of the American energy, technology, and agricultural products India has committed to importing under the new deal?

5. Following the trade deal announcement, the Indian Rupee (INR) strengthened to approximately what level against the US Dollar?

6. The Union Budget 2026-27 introduced a hike in the Securities Transaction Tax (STT) specifically targeting which segment?

7. Who is the Chief Justice of India (CJI) who issued a stern warning to Meta and WhatsApp regarding their privacy policies in February 2026?

8. The 13th edition of the joint military exercise 'KHANJAR' is being conducted between India and which nation?

9. Where is the joint military exercise KHANJAR taking place in February 2026?

10. Which cricket board has officially announced a boycott of its T20 World Cup match against India scheduled for February 15?

11. What is the potential financial penalty warned by the ICC and broadcasters due to the T20 World Cup match boycott?

12. Which prominent Indian politician and state Deputy Chief Minister recently passed away in a plane crash?

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