7 February 2026 Current Affairs MCQ

February 07, 2026

Q7. The Insurance Laws (Amendment) Act, 2025 is significant because it:

A. Abolishes foreign participation in insurance
B. Introduces universal insurance coverage
C. Allows 100% Foreign Direct Investment in insurance
D. Merges life and general insurance regulators

✅ Correct Answer: C

Explanation:
The Act permits 100% FDI in insurance , aiming to boost capital inflows, competition, global best practices and insurance penetration .

Q8. The sharp decline in India’s gold purchases by the RBI in 2025 was mainly due to:

A. Decline in foreign exchange reserves
B. Shift to cryptocurrency assets
C. High international gold prices
D. IMF restrictions on gold accumulation

✅ Correct Answer: C

Explanation:
The Reserve Bank of India purchased only 4 tonnes of gold in 2025 , compared to 73 tonnes in 2024 , largely because of very high gold prices .

Q9. Which of the following initiatives is directly linked to promoting green finance for MSMEs?

A. InvesTap Nxt
B. SBI Global Trade Finance Centre
C. Rooftop Solar Finance by Axis Bank
D. Bharat Taxi

✅ Correct Answer: C

Explanation:
Axis Bank’s Rooftop Solar Finance helps MSMEs adopt solar energy , supporting clean energy transition and sustainable banking .

Q10. The partnership between Digantara and Singapore’s DSTA is related to:

A. Satellite launch services
B. Space tourism
C. Space Situational Awareness (SSA)
D. Deep-space exploration

✅ Correct Answer: C

Explanation:
The partnership focuses on Space Situational Awareness (SSA) , crucial for satellite security, orbital debris tracking and space sustainability .

Q11. Which defence milestone was achieved by Sagar Defence Engineering Pvt. Ltd.?

A. First indigenous combat drone delivery
B. First Unmanned Surface Vessels delivered to the Navy
C. First AI-enabled submarine system
D. First hypersonic missile platform

✅ Correct Answer: B

Explanation:
Sagar Defence successfully delivered India’s first indigenously built Unmanned Surface Vessels (USVs) to the Indian Navy, strengthening maritime autonomy.

Q12. World Interfaith Harmony Week is observed annually from:

A. 2–8 February
B. 4–10 February
C. 1–7 February
D. 6–12 February

✅ Correct Answer: C

Explanation:
Observed 1–7 February , the UN-led initiative promotes peace, tolerance, pluralism and inter-faith dialogue , relevant for GS-IV (Ethics) .