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UPSC EPFO APFC 2026 Mock Test Series with Answers | Military Brat Defence Academy
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Series: UPSC EPFO APFC 2026 Mock Test Series
QID #26748
UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC 2026 Full-Length Mock Test 3 Medium
Which statement best explains Balance of payments?
A
Index tracking price changes at the wholesale level for a basket of goods
B
Excess of total expenditure over total non-debt receipts of government
C
Systematic record of a country's economic transactions with the rest of the world
D
Part of external accounts recording capital transfers and financial flows
Correct Answer: C. Systematic record of a country's economic transactions with the rest of the world
Question: Which statement best explains Balance of payments?
A. Index tracking price changes at the wholesale level for a basket of goods
B. Excess of total expenditure over total non-debt receipts of government
C. Systematic record of a country's economic transactions with the rest of the world
D. Part of external accounts recording capital transfers and financial flows
Correct Answer: C. Systematic record of a country's economic transactions with the rest of the world
Explanation: Balance of payments: Systematic record of a country's economic transactions with the rest of the world
QID #26747
UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC 2026 Full-Length Mock Test 3 Medium
Which of the following is best described as: Relocating business activities to another country
A
Free trade agreement
B
Globalization
C
World Trade Organization
D
Offshoring
Correct Answer: D. Offshoring
Question: Which of the following is best described as: Relocating business activities to another country
A. Free trade agreement
B. Globalization
C. World Trade Organization
D. Offshoring
Correct Answer: D. Offshoring
Explanation: The correct answer is Offshoring. Relocating business activities to another country
QID #26746
UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC 2026 Full-Length Mock Test 3 Medium
Which statement best explains Revenue expenditure?
A
Inventory remaining unsold at the end of an accounting period
B
Expenditure whose benefit is generally consumed within the current accounting period
C
Statement listing ledger balances to test arithmetical agreement of debits and credits
D
Book of original entry in which transactions are first recorded chronologically
Correct Answer: B. Expenditure whose benefit is generally consumed within the current accounting period
Question: Which statement best explains Revenue expenditure?
A. Inventory remaining unsold at the end of an accounting period
B. Expenditure whose benefit is generally consumed within the current accounting period
C. Statement listing ledger balances to test arithmetical agreement of debits and credits
D. Book of original entry in which transactions are first recorded chronologically
Correct Answer: B. Expenditure whose benefit is generally consumed within the current accounting period
Explanation: Revenue expenditure: Expenditure whose benefit is generally consumed within the current accounting period
QID #26745
UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC 2026 Full-Length Mock Test 3 Medium
Which of the following is best described as: Statement reconciling differences between bank balance per books and bank statement
A
Bank reconciliation statement
B
Unearned income
C
Cash basis
D
Revenue expenditure
Correct Answer: A. Bank reconciliation statement
Question: Which of the following is best described as: Statement reconciling differences between bank balance per books and bank statement
A. Bank reconciliation statement
B. Unearned income
C. Cash basis
D. Revenue expenditure
Correct Answer: A. Bank reconciliation statement
Explanation: The correct answer is Bank reconciliation statement. Statement reconciling differences between bank balance per books and bank statement
QID #26744
UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC 2026 Full-Length Mock Test 3 Medium
Which of the following is best described as: Index measuring changes in retail prices of a basket of consumer goods and services
A
Devaluation
B
Consumer Price Index
C
Real GDP
D
Nominal GDP
Correct Answer: B. Consumer Price Index
Question: Which of the following is best described as: Index measuring changes in retail prices of a basket of consumer goods and services
A. Devaluation
B. Consumer Price Index
C. Real GDP
D. Nominal GDP
Correct Answer: B. Consumer Price Index
Explanation: The correct answer is Consumer Price Index. Index measuring changes in retail prices of a basket of consumer goods and services
QID #26743
UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC 2026 Full-Length Mock Test 3 Medium
Which of the following is correctly associated with Equality of opportunity in public employment?
A
Article 16
B
Article 110
C
Article 50
D
Article 21
Correct Answer: A. Article 16
Question: Which of the following is correctly associated with Equality of opportunity in public employment?
A. Article 16
B. Article 110
C. Article 50
D. Article 21
Correct Answer: A. Article 16
Explanation: Article 16 concerns equality of opportunity in public employment.
QID #26742
UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC 2026 Full-Length Mock Test 3 Medium
Which statement best explains Inherent risk?
A
Application of audit procedures to less than 100 percent of items in a population
B
Risk that a material misstatement will not be prevented or detected and corrected by internal control
C
Susceptibility of an assertion to material misstatement before considering related controls
D
Information used by an auditor in arriving at conclusions on which the audit opinion is based
Correct Answer: C. Susceptibility of an assertion to material misstatement before considering related controls
Question: Which statement best explains Inherent risk?
A. Application of audit procedures to less than 100 percent of items in a population
B. Risk that a material misstatement will not be prevented or detected and corrected by internal control
C. Susceptibility of an assertion to material misstatement before considering related controls
D. Information used by an auditor in arriving at conclusions on which the audit opinion is based
Correct Answer: C. Susceptibility of an assertion to material misstatement before considering related controls
Explanation: Inherent risk: Susceptibility of an assertion to material misstatement before considering related controls
QID #26741
UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC 2026 Full-Length Mock Test 3 Easy
If A alone can finish a job in 12 days and B works at the same rate, how long will A and B together take?
A
6 days
B
12 days
C
24 days
D
10 days
Correct Answer: A. 6 days
Question: If A alone can finish a job in 12 days and B works at the same rate, how long will A and B together take?
A. 6 days
B. 12 days
C. 24 days
D. 10 days
Correct Answer: A. 6 days
Explanation: Together their rate doubles, so time halves to 6 days.
QID #26740
UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC 2026 Full-Length Mock Test 3 Medium
Which statement best explains Occupational Safety, Health and Working Conditions Code, 2020?
A
Legally prescribed floor below which covered workers should not ordinarily be paid
B
Person undertaking platform-mediated work as recognized in social-security law
C
Consolidates central laws concerning occupational safety, health and working conditions
D
Statutory or institutional fund supporting specified welfare measures for workers
Correct Answer: C. Consolidates central laws concerning occupational safety, health and working conditions
Question: Which statement best explains Occupational Safety, Health and Working Conditions Code, 2020?
A. Legally prescribed floor below which covered workers should not ordinarily be paid
B. Person undertaking platform-mediated work as recognized in social-security law
C. Consolidates central laws concerning occupational safety, health and working conditions
D. Statutory or institutional fund supporting specified welfare measures for workers
Correct Answer: C. Consolidates central laws concerning occupational safety, health and working conditions
Explanation: Occupational Safety, Health and Working Conditions Code, 2020: Consolidates central laws concerning occupational safety, health and working conditions
QID #26739
UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC 2026 Full-Length Mock Test 3 Medium
Which of the following is best described as: Statutory body concerned with vigilance administration in the Union government
A
Whistle-blower
B
Central Vigilance Commission
C
Citizen Charter
D
Rule of law
Correct Answer: B. Central Vigilance Commission
Question: Which of the following is best described as: Statutory body concerned with vigilance administration in the Union government
A. Whistle-blower
B. Central Vigilance Commission
C. Citizen Charter
D. Rule of law
Correct Answer: B. Central Vigilance Commission
Explanation: The correct answer is Central Vigilance Commission. Statutory body concerned with vigilance administration in the Union government
QID #26738
UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC 2026 Full-Length Mock Test 3 Medium
Which of the following is correctly associated with 1928?
A
Muslim League founded
B
Nehru Report
C
Gandhi-Irwin Pact
D
Cripps Mission
Correct Answer: B. Nehru Report
Question: Which of the following is correctly associated with 1928?
A. Muslim League founded
B. Nehru Report
C. Gandhi-Irwin Pact
D. Cripps Mission
Correct Answer: B. Nehru Report
Explanation: The Nehru Report was published in 1928.
QID #26737
UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC 2026 Full-Length Mock Test 3 Medium
Which of the following is best described as: External reserve assets held by the central bank
A
Direct tax
B
Standing Deposit Facility
C
Reverse repo
D
Foreign exchange reserves
Correct Answer: D. Foreign exchange reserves
Question: Which of the following is best described as: External reserve assets held by the central bank
A. Direct tax
B. Standing Deposit Facility
C. Reverse repo
D. Foreign exchange reserves
Correct Answer: D. Foreign exchange reserves
Explanation: The correct answer is Foreign exchange reserves. External reserve assets held by the central bank
QID #26736
UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC 2026 Full-Length Mock Test 3 Medium
Which statement best explains Outstanding expense?
A
Systematic allocation of the depreciable amount of an asset over its useful life
B
Income earned but not yet received
C
Expense incurred but not yet paid
D
Obligation expected to be settled within the operating cycle or specified short period
Correct Answer: C. Expense incurred but not yet paid
Question: Which statement best explains Outstanding expense?
A. Systematic allocation of the depreciable amount of an asset over its useful life
B. Income earned but not yet received
C. Expense incurred but not yet paid
D. Obligation expected to be settled within the operating cycle or specified short period
Correct Answer: C. Expense incurred but not yet paid
Explanation: Outstanding expense: Expense incurred but not yet paid
QID #26735
UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC 2026 Full-Length Mock Test 3 Medium
Which of the following is best described as: Budget approach linking public spending with measurable outputs and outcomes
A
Rule of law
B
Central Information Commission
C
Cooperative federalism
D
Outcome budgeting
Correct Answer: D. Outcome budgeting
Question: Which of the following is best described as: Budget approach linking public spending with measurable outputs and outcomes
A. Rule of law
B. Central Information Commission
C. Cooperative federalism
D. Outcome budgeting
Correct Answer: D. Outcome budgeting
Explanation: The correct answer is Outcome budgeting. Budget approach linking public spending with measurable outputs and outcomes
QID #26734
UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC 2026 Full-Length Mock Test 3 Medium
Which statement best explains Nomination?
A
Salary measure used according to scheme rules for pension calculation
B
Employees' State Insurance Corporation
C
Lump-sum terminal benefit payable subject to statutory eligibility
D
Member declaration identifying person or persons entitled to receive specified benefits on death
Correct Answer: D. Member declaration identifying person or persons entitled to receive specified benefits on death
Question: Which statement best explains Nomination?
A. Salary measure used according to scheme rules for pension calculation
B. Employees' State Insurance Corporation
C. Lump-sum terminal benefit payable subject to statutory eligibility
D. Member declaration identifying person or persons entitled to receive specified benefits on death
Correct Answer: D. Member declaration identifying person or persons entitled to receive specified benefits on death
Explanation: Nomination: Member declaration identifying person or persons entitled to receive specified benefits on death
QID #26733
UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC 2026 Full-Length Mock Test 3 Medium
Which of the following is best described as: Maternal deaths per 100,000 live births
A
Urbanization
B
Multidimensional Poverty Index
C
Maternal mortality ratio
D
Life expectancy at birth
Correct Answer: C. Maternal mortality ratio
Question: Which of the following is best described as: Maternal deaths per 100,000 live births
A. Urbanization
B. Multidimensional Poverty Index
C. Maternal mortality ratio
D. Life expectancy at birth
Correct Answer: C. Maternal mortality ratio
Explanation: The correct answer is Maternal mortality ratio. Maternal deaths per 100,000 live births
QID #26732
UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC 2026 Full-Length Mock Test 3 Medium
Choose the correct article: He is ___ honest officer.
A
a
B
an
C
the
D
no article
Correct Answer: B. an
Question: Choose the correct article: He is ___ honest officer.
A. a
B. an
C. the
D. no article
Correct Answer: B. an
Explanation: 'Honest' begins with a vowel sound, so 'an' is used.
QID #26731
UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC 2026 Full-Length Mock Test 3 Medium
Which statement best explains Inter-state migrant worker?
A
Legal regulation of timely and authorized payment of wages
B
Lump-sum terminal benefit generally linked to length of service under applicable law
C
Worker who migrates across states for employment as covered by applicable labour regulation
D
Legal and administrative standards governing hours, welfare, safety and conditions at work
Correct Answer: C. Worker who migrates across states for employment as covered by applicable labour regulation
Question: Which statement best explains Inter-state migrant worker?
A. Legal regulation of timely and authorized payment of wages
B. Lump-sum terminal benefit generally linked to length of service under applicable law
C. Worker who migrates across states for employment as covered by applicable labour regulation
D. Legal and administrative standards governing hours, welfare, safety and conditions at work
Correct Answer: C. Worker who migrates across states for employment as covered by applicable labour regulation
Explanation: Inter-state migrant worker: Worker who migrates across states for employment as covered by applicable labour regulation
QID #26730
UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC 2026 Full-Length Mock Test 3 Medium
Choose the word that best completes the sentence: The new policy aims to ___ transparency in administration.
A
enhance
B
conceal
C
weaken
D
postpone
Correct Answer: A. enhance
Question: Choose the word that best completes the sentence: The new policy aims to ___ transparency in administration.
A. enhance
B. conceal
C. weaken
D. postpone
Correct Answer: A. enhance
Explanation: 'Enhance' means improve or increase, fitting the context.
QID #26729
UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC 2026 Full-Length Mock Test 3 Medium
Which of the following is correctly associated with President's ordinance-making power?
A
Article 123
B
Article 368
C
Article 15
D
Article 50
Correct Answer: A. Article 123
Question: Which of the following is correctly associated with President's ordinance-making power?
A. Article 123
B. Article 368
C. Article 15
D. Article 50
Correct Answer: A. Article 123
Explanation: Article 123 empowers the President to promulgate ordinances when Parliament is not in session.
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