Daily Current Affairs 4 February 2026

Daily Current Affairs 4 February 2026 – Top Headlines, MCQs & GK PDF

Welcome to your one-stop source for daily current affairs and exam preparation. Today’s update for 4 February 2026 brings you the most authentic and verified news from the last 24 hours, essential for aspirants of UPSC, SSC, Banking, Railways, and Defence exams. Mastering current events is the key to cracking the general knowledge section of competitive exams.

In this post, you will find a detailed analysis of the Union Budget 2026-27, key international developments like the upcoming Winter Olympics, and crucial updates on World Cancer Day. We have also compiled 20 high-yield current affairs mcq and quiz questions to test your retention. Don’t forget to look for the current affairs pdf download instructions below for your quick revision needs.

In Short Summary Table – Today’s Key Events for GK

Category	Headline Event	Key Fact / Figure
Important Day	World Cancer Day 2026	Theme: “United by Unique”
Economy	Union Budget 2026-27 Analysis	Fiscal Deficit Target: 4.3% for FY27
International	US-India Trade Update	18% reduced tariff on “Made in India” goods in US
Sports	Milano Cortina Winter Olympics	Starts Feb 6; 15 African athletes to participate
Banking	Tripura Gramin Bank (TGB)	First RRB to launch Co-branded Credit Card with PNB
National	Supreme Court Hearing	Centre defends detention of activist Sonam Wangchuk

Major Headlines – Daily Current Affairs

National (India)

1. Union Budget 2026-27 Analysis: Finance Minister Nirmala Sitharaman sets Fiscal Deficit target at 4.3% for FY27; Capex raised to ₹12.2 lakh crore.
2. Supreme Court Update: Centre defends the detention of climate activist Sonam Wangchuk, citing legal procedures amid ongoing protests in Ladakh.
3. Tripura Crackdown: Security forces destroy illegal cannabis cultivation worth ₹75 Crore in a major state-wide operation.
4. Rail Connectivity: Government unveils plans for a new underground rail line to bolster connectivity between Northeast India and the mainland.

International

5. Diplomatic Win: PM Modi announces a reduced 18% tariff on Indian goods entering the US after a strategic phone call with US President Donald Trump.
6. Sri Lanka Independence Day: Sri Lanka celebrates its 78th Independence Day today (Feb 4), marking freedom from British rule in 1948.
7. Milano Cortina 2026: IOC President visits the Olympic Village in Milan as the Winter Games are set to begin on February 6, 2026.

Economy & Banking

8. First for RRBs: Tripura Gramin Bank (TGB) becomes the first Regional Rural Bank in India to launch a co-branded credit card in partnership with Punjab National Bank (PNB).
9. Tax Reforms: New Foreign Assets Disclosure Scheme 2026 proposed to curb black money; buyback tax burden shifted to shareholders.

Science & Defence

10. Biopharma SHAKTI: Government launches a new mission with an outlay of ₹10,000 crore to boost India’s biopharmaceutical manufacturing capabilities.

Deep-Dive Explanations (Top 5 Most Important News)

1. Union Budget 2026-27: Fiscal Consolidation Path

• News: Following the budget presentation on Feb 1, detailed analysis confirms the government’s strict adherence to fiscal consolidation. The Fiscal Deficit for FY 2026-27 is pegged at 4.3% of GDP, down from 4.4% in the revised estimates of FY26.
• Impact: The focus remains on high Capital Expenditure (₹12.2 lakh crore), aiming to spur infrastructure growth while keeping debt manageable.
• Exam Linkage: Remember the term Fiscal Deficit (Total Expenditure – Total Receipts excluding borrowings). The target for FY27 is a potential MCQ.

2. World Cancer Day 2026: “United by Unique”

• News: Today, February 4, is observed globally as World Cancer Day. The theme for 2026 is “United by Unique”, which emphasizes that every cancer journey is personal and unique, yet requires a united global effort for cure and care.
• Significance: Led by the Union for International Cancer Control (UICC), the day aims to dispel myths and improve access to screening.
• Exam Linkage: Themes of major health days are frequently asked in Bank and SSC exams.

3. US Reduces Tariffs on Indian Goods to 18%

• News: In a significant trade development, PM Modi announced that “Made in India” products will now attract a reduced tariff of 18% in the United States. This follows a diplomatic conversation with US President Donald Trump.
• Impact: This move is expected to boost Indian exports, particularly in textiles and manufacturing, which had faced higher duties under previous “America First” policies.
• Exam Linkage: International trade agreements and tariff changes are key topics for UPSC GS-II and Economy sections.

4. Tripura Gramin Bank Launches Co-branded Credit Card

• News: Tripura Gramin Bank (TGB) has created history by becoming the first Regional Rural Bank (RRB) in India to launch a co-branded credit card.
• Details: The card is launched in collaboration with its sponsor bank, Punjab National Bank (PNB). It aims to provide modern digital payment facilities to rural customers.
• Exam Linkage: “Firsts” in the Banking sector are high-priority questions for IBPS and SBI exams.

5. Milano Cortina 2026 Winter Olympics Preparations

• News: With just two days to go before the Opening Ceremony on Feb 6, preparations are final for the Milano Cortina 2026 Winter Olympics in Italy.
• Key Facts: This edition features 15 African athletes from 8 countries, highlighting the growing diversity in winter sports. The Games will be held across Milan and Cortina d’Ampezzo.
• Exam Linkage: Sports venues and mascots are static GK staples. Italy is the host country.

Today’s Notable Days

World Cancer Day

• Date: 4 February 2026
• Significance: To raise awareness about cancer prevention, detection, and treatment.
• Theme: “United by Unique”.
• Exam Relevance: Often asked in “Important Days and Themes” sections.

Important Days in February 2026: Guide for Competitive Exams

Sri Lanka Independence Day

• Date: 4 February
• Significance: Commemorates Sri Lanka’s independence from British colonial rule in 1948.
• Exam Relevance: Neighboring countries’ national days are relevant for SSC and Railway exams.

This Day in History

• 1922 (Chauri Chaura Incident): On Feb 4, 1922, a violent clash occurred in Chauri Chaura (Gorakhpur, UP), leading Mahatma Gandhi to withdraw the Non-Cooperation Movement.
• 2004 (Facebook Launched): Mark Zuckerberg launched “TheFacebook” (now Facebook) on this date, revolutionizing social media.
• 1948 (Ceylon Independence): The Dominion of Ceylon (now Sri Lanka) became an independent country within the British Commonwealth.

Famous Birthdays

• Birju Maharaj (1938): Legendary Kathak dancer of the Lucknow Kalka-Bindadin gharana. (Relevance: Art & Culture GK).
• Rosa Parks (1913): American civil rights activist known as “the mother of the freedom movement”.

Exam-Oriented Current Affairs MCQs

1. What is the Fiscal Deficit target set by the Union Government for the Financial Year 2026-27?

A) 4.5%

B) 4.3%

C) 4.1%

D) 3.9%

Correct Answer: B

Explanation: The Union Budget 2026-27 projects a fiscal deficit of 4.3% of GDP, continuing the path of fiscal consolidation from the previous year’s 4.4%.

2. What is the theme for World Cancer Day 2026 observed on February 4?

A) Close the Care Gap

B) I Am and I Will

C) United by Unique

D) Together for a Cure

Correct Answer: C

Explanation: The theme for World Cancer Day 2026 is “United by Unique”, highlighting the individuality of every cancer patient’s journey.

3. Which Indian Regional Rural Bank (RRB) recently became the first to launch a co-branded credit card?

A) Prathama UP Gramin Bank

B) Tripura Gramin Bank

C) Kerala Gramin Bank

D) Baroda Gujarat Gramin Bank

Correct Answer: B

Explanation: Tripura Gramin Bank (TGB) partnered with Punjab National Bank (PNB) to launch this facility, a first for any RRB in India.

4. Following a conversation with President Trump, PM Modi announced that “Made in India” products will attract what percentage of tariff in the US?

A) 10%

B) 15%

C) 18%

D) 25%

Correct Answer: C

Explanation: PM Modi announced a reduced tariff of 18% for Indian goods entering the US market, a positive shift in bilateral trade relations.

5. Which country is hosting the 2026 Winter Olympic Games scheduled to start on February 6?

A) France

B) Switzerland

C) Italy

D) Canada

Correct Answer: C

Explanation: The 2026 Winter Olympics are known as Milano Cortina 2026 and will be hosted by Italy.

6. The “Biopharma SHAKTI” mission announced in the 2026 Budget has an outlay of:

A) ₹5,000 Crore

B) ₹10,000 Crore

C) ₹15,000 Crore

D) ₹20,000 Crore

Correct Answer: B

Explanation: The government launched “Biopharma SHAKTI” with an outlay of ₹10,000 crore to strengthen the biopharmaceutical sector over five years.

7. Which neighboring country of India celebrates its Independence Day on 4 February?

A) Nepal

B) Myanmar

C) Sri Lanka

D) Maldives

Correct Answer: C

Explanation: Sri Lanka celebrates its independence from British rule (granted in 1948) annually on February 4.

8. Security forces recently destroyed illegal cannabis cultivation worth ₹75 Crore in which Indian state?

A) Manipur

B) Tripura

C) Assam

D) Nagaland

Correct Answer: B

Explanation: A major crackdown was conducted in Tripura, where security forces uprooted massive illegal cannabis plantations.

9. In the Union Budget 2026-27, the Capital Expenditure (Capex) target is set at:

A) ₹10.5 lakh crore

B) ₹11.1 lakh crore

C) ₹12.2 lakh crore

D) ₹13.5 lakh crore

Correct Answer: C

Explanation: The government increased the public capital expenditure target to ₹12.2 lakh crore to sustain infrastructure momentum.

10. The “Foreign Assets Disclosure Scheme 2026” announced in the budget aims to:

A) Encourage foreign investment

B) Tax foreign tourists

C) Curb black money

D) Privatize public sector banks

Correct Answer: C

Explanation: This time-bound scheme allows taxpayers to disclose undeclared foreign assets, aiming to curb black money and improve tax compliance.

11. Who is the climate activist whose detention was recently defended by the Centre in the Supreme Court?

A) Disha Ravi

B) Sonam Wangchuk

C) Licypriya Kangujam

D) Medha Patkar

Correct Answer: B

Explanation: The Centre defended the detention of Sonam Wangchuk in the Supreme Court, citing legal procedures amidst protests in Ladakh.

12. The Government has proposed an underground rail line to connect the mainland with which region?

A) Kashmir Valley

B) Northeast India

C) Lakshadweep

D) Andaman & Nicobar

Correct Answer: B

Explanation: A strategic underground rail line is planned to strengthen the link between Northeast India and the rest of the country (likely via the Siliguri Corridor).

13. Which major “Tax Collected at Source” (TCS) rate was reduced to 2% in the 2026 Budget?

A) Purchase of Luxury Cars

B) Remittance for Education/Medical treatment

C) Overseas Tour Packages

D) Purchase of Gold

Correct Answer: B

Explanation: TCS on remittances exceeding ₹10 lakh for education or medical treatment has been reduced from 5% to 2%.

14. Who is the current sponsor bank of Tripura Gramin Bank?

A) State Bank of India

B) Punjab National Bank

C) Bank of Baroda

D) UCO Bank

Correct Answer: B

Explanation: Punjab National Bank (PNB) is the sponsor bank of Tripura Gramin Bank and the partner for the new credit card.

15. How many African athletes are participating in the Milano Cortina 2026 Winter Olympics?

A) 5

B) 10

C) 15

D) 25

Correct Answer: C

Explanation: A total of 15 athletes from 8 African nations are set to compete in the upcoming Winter Games.

16. The Union Budget 2026-27 estimates India’s Nominal GDP growth at:

A) 8.5%

B) 10%

C) 12%

D) 14%

Correct Answer: B

Explanation: The budget documents estimate a nominal GDP growth rate of 10% for the financial year 2026-27.

17. Which new mission was announced to expand India’s capability in the semiconductor sector?

A) Chip India 2.0

B) Semiconductor Mission 2.0

C) Digital Silicon Mission

D) Bharat SemiCon

Correct Answer: B

Explanation: The budget highlighted the launch of Semiconductor Mission 2.0 to further expand India’s chip manufacturing ecosystem.

18. What historical event led to the withdrawal of the Non-Cooperation Movement on Feb 4, 1922?

A) Jallianwala Bagh Massacre

B) Kakori Conspiracy

C) Chauri Chaura Incident

D) Dandi March

Correct Answer: C

Explanation: The violence at Chauri Chaura, where a police station was set on fire, prompted Gandhi to halt the movement.

19. Which document projects real GDP growth in the range of 6.8% to 7.2% for FY26?

A) Union Budget

B) Economic Survey

C) IMF Outlook

D) World Bank Report

Correct Answer: B

Explanation: The Economic Survey (presented a day before the budget) projected the real GDP growth for FY26 in the 6.8%–7.2% range.

20. The “United by Unique” theme relates to which disease awareness?

A) AIDS

B) Diabetes

C) Tuberculosis

D) Cancer

Correct Answer: D

Explanation: It is the official theme for World Cancer Day (Feb 4) for the 2025-2027 campaign period.

Today’s Top 3 Most Important News for Competitive Exams

• Union Budget FY27: Fiscal Deficit target is 4.3%, with Capex at ₹12.2 lakh crore and focus on Biopharma & Semiconductors.
• International Relations: India secures 18% tariff rate for exports to the US after Modi-Trump talks.
• Banking First: Tripura Gramin Bank becomes the first RRB to issue a co-branded credit card (with PNB).

Download Section – Current Affairs PDF

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To revise these updates offline, click the link below. The current affairs pdf includes detailed notes, extra static GK info, and all 20 MCQs for quick revision.

Download Daily Current Affairs PDF – 4 Feb 2026

Quiz Questions Based on Daily Current Affairs

Ready to test your memory? We have updated our Daily Quiz section with these quiz questions. Active recall is the best way to ensure you remember the Fiscal Deficit targets and new government schemes for your exams.

Take Today’s Current Affairs Quiz

General Knowledge & GK Linkage

Today’s news connects directly to Static GK:

• Economy: Understanding “Fiscal Deficit” and “Capex” is crucial for the Economy section. (Linked to Budget news).
• History: The Chauri Chaura incident (Feb 4, 1922) is a frequent question in Modern History.
• International Organizations: The IOC (International Olympic Committee) is headquartered in Lausanne, Switzerland. (Linked to Winter Olympics news).

SEO-Optimized Conclusion

Staying consistent with daily current affairs is the hallmark of a successful aspirant. Today’s update covered the critical Union Budget 2026 analysis, major international moves, and vital banking reforms. Make sure to download the current affairs pdf and solve the current affairs mcq to solidify your preparation. Keep tracking your progress with our daily quiz questions to stay ahead in the competition.

Final Thought of the Day

“Success is the sum of small efforts, repeated day in and day out.”

Motivation for Exam Aspirants

The Budget numbers might look confusing, but remember—every concept you master today is one mark secured for tomorrow. Stay disciplined, keep revising, and let your hard work silence the noise.

FAQs on Daily Current affairs for 4 February 2026

Q1. Where can I find the daily current affairs for 4 February 2026?

You can find the most authentic and exam-focused daily current affairs right here on this page, updated every morning.

Q2. Is the current affairs pdf available for download?

Yes, we provide a free current affairs pdf download link at the end of every daily post for offline revision.

Q3. How many current affairs mcq are provided daily?

We provide exactly 20 high-quality current affairs mcq daily, covering National, International, Sports, and Economy sectors.

Q4. Are these updates useful for UPSC and Banking exams?

Absolutely. Our content is curated specifically for UPSC, Banking, SSC, and State PSC aspirants, focusing on general knowledge and exam relevance.

Q5. What is the theme for World Cancer Day 2026?

The theme for World Cancer Day 2026 is “United by Unique”.

Q6. What is the Fiscal Deficit target for 2026-27?

As per the Union Budget 2026, the Fiscal Deficit target is 4.3% of GDP.

Q7. Can I practice quiz questions here?

Yes, we have a dedicated section for quiz questions based on the day’s news to help you test your retention.

Q8. Which RRB launched a credit card recently?

Tripura Gramin Bank became the first RRB to launch a co-branded credit card (with PNB).

Q9. Why is 4th February important in history?

It marks Sri Lanka’s Independence Day and the historic Chauri Chaura incident in India (1922).

Q10. How does this content improve my GK?

We link daily news with static gk (like history, headquarters, and definitions), ensuring holistic preparation for your exams.