Staying updated on current affairs is crucial for competitive exams and interviews, and engaging with quizzes can significantly enhance one’s readiness. This quiz focuses on important national, international, economic, and banking news from February 2026.
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Agriculture Infrastructure Fund: The Indian Prime Minister announced a substantial increase in the loan target under the Agriculture Infrastructure Fund (AIF). This target doubled from ₹1 lakh crore to ₹2 lakh crore in an effort to enhance the agricultural value chain. This initiative aims to bolster support for farming and agricultural development, ensuring more resources are available to improve infrastructure, which is essential for a robust agricultural sector.
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Startup India Fund of Funds 2.0: In another significant move, the Prime Minister approved the Startup India Fund of Funds (FoF) 2.0 with a corpus of ₹10,000 crore. This fund focuses on nurturing India’s innovation ecosystem, particularly in areas such as deep technology and advanced manufacturing. By providing financial backing to early-stage ideas and breakthrough technologies, this initiative aims to fuel creativity and entrepreneurship in the country.
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Maritime Self-Reliance: A major milestone for India’s maritime ambitions was marked with the inauguration of the Waterjet Production & Testing Facility by Marine Jet Power (MJP) in Goa. This facility, inaugurated in February 2026, makes India the third nation globally to possess such a center, following the United States and South Korea. Part of a broader strategy for Aatmanirbharta (self-reliance), this establishment is poised to create a domestic supply chain for waterjet propulsion systems and is expected to become a hub for South Asia, bolstering employment and technology absorption within the region.
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Emergency Landing Facility: On February 14, 2026, the Prime Minister inaugurated the Northeast’s first Emergency Landing Facility at Moran Bypass in Assam. This facility, developed in collaboration with the Indian Air Force, aims to enable both military and civil aircraft to land during emergencies, enhancing regional safety and operational capability.
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RBI Acquisition Financing Rules: The Reserve Bank of India (RBI) revised its acquisition financing rules, permitting banks to lend up to 75% of the acquisition value. This significant change allows banks to finance up to 20% of their eligible capital base for acquisitions, thereby opening fresh avenues for credit growth and enabling competitive parity with foreign banks. This policy shift is designed to support both listed and unlisted company acquisitions, providing a more favorable lending environment for Indian banks.
Overall, these developments illustrate India’s commitment to bolstering its agricultural, technological, maritime, and financial sectors, all while enhancing safety and operational capacities in critical areas. Engaging with quizzes on these topics not only reinforces knowledge but also builds confidence for upcoming competitive exams.
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