QID #26528
UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC 2026 Full-Length Mock Test 1 Medium
Which statement best explains Life insurance?
A
Insurance covering risks associated with human life
B
Entity that undertakes insurance risk
C
Insurer's right, after paying a loss, to pursue recovery from a responsible third party
D
Risk-transfer arrangement under which an insurer provides financial protection in return for premium
Correct Answer: A. Insurance covering risks associated with human life
Question: Which statement best explains Life insurance?
A. Insurance covering risks associated with human life
B. Entity that undertakes insurance risk
C. Insurer's right, after paying a loss, to pursue recovery from a responsible third party
D. Risk-transfer arrangement under which an insurer provides financial protection in return for premium
Correct Answer: A. Insurance covering risks associated with human life
Explanation: Life insurance: Insurance covering risks associated with human life
QID #26527
UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC 2026 Full-Length Mock Test 1 Medium
Choose the correct comparative form: This method is ___ than the previous one.
A
more efficient
B
most efficient
C
efficiently
D
efficiency
Correct Answer: A. more efficient
Question: Choose the correct comparative form: This method is ___ than the previous one.
A. more efficient
B. most efficient
C. efficiently
D. efficiency
Correct Answer: A. more efficient
Explanation: A comparison between two uses 'more efficient'.
QID #26526
UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC 2026 Full-Length Mock Test 1 Medium
Which statement best explains Deflation?
A
Value of output minus intermediate consumption generated by producers
B
Central-bank policy influencing money, liquidity and interest rates to achieve macroeconomic objectives
C
Mechanism or rate historically used by RBI for absorbing liquidity from banks
D
Sustained decline in the general price level
Correct Answer: D. Sustained decline in the general price level
Question: Which statement best explains Deflation?
A. Value of output minus intermediate consumption generated by producers
B. Central-bank policy influencing money, liquidity and interest rates to achieve macroeconomic objectives
C. Mechanism or rate historically used by RBI for absorbing liquidity from banks
D. Sustained decline in the general price level
Correct Answer: D. Sustained decline in the general price level
Explanation: Deflation: Sustained decline in the general price level
QID #26525
UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC 2026 Full-Length Mock Test 1 Medium
Which of the following is best described as: Sustained rise in the general price level
A
Monetary policy
B
Inflation
C
Wholesale Price Index
D
Indirect tax
Correct Answer: B. Inflation
Question: Which of the following is best described as: Sustained rise in the general price level
A. Monetary policy
B. Inflation
C. Wholesale Price Index
D. Indirect tax
Correct Answer: B. Inflation
Explanation: The correct answer is Inflation. Sustained rise in the general price level
QID #26524
UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC 2026 Full-Length Mock Test 1 Medium
Which statement best explains Straight-line method?
A
Depreciation method charging an equal amount each year, subject to residual value
B
Expenditure creating or improving a long-term asset or benefit
C
Asset expected to be realized, sold or consumed within the operating cycle or specified short period
D
Book containing individual accounts to which journal entries are posted
Correct Answer: A. Depreciation method charging an equal amount each year, subject to residual value
Question: Which statement best explains Straight-line method?
A. Depreciation method charging an equal amount each year, subject to residual value
B. Expenditure creating or improving a long-term asset or benefit
C. Asset expected to be realized, sold or consumed within the operating cycle or specified short period
D. Book containing individual accounts to which journal entries are posted
Correct Answer: A. Depreciation method charging an equal amount each year, subject to residual value
Explanation: Straight-line method: Depreciation method charging an equal amount each year, subject to residual value
QID #26523
UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC 2026 Full-Length Mock Test 1 Medium
Which of the following is best described as: Income and support mechanisms intended to protect persons in old age
A
Pensionable service
B
Old-age security
C
EPFO
D
Employee State Insurance
Correct Answer: B. Old-age security
Question: Which of the following is best described as: Income and support mechanisms intended to protect persons in old age
A. Pensionable service
B. Old-age security
C. EPFO
D. Employee State Insurance
Correct Answer: B. Old-age security
Explanation: The correct answer is Old-age security. Income and support mechanisms intended to protect persons in old age
QID #26522
UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC 2026 Full-Length Mock Test 1 Medium
Choose the correct form: The officers ___ reviewing the files now.
A
are
B
is
C
was
D
has
Correct Answer: A. are
Question: Choose the correct form: The officers ___ reviewing the files now.
A. are
B. is
C. was
D. has
Correct Answer: A. are
Explanation: Plural subject 'officers' takes 'are'.
QID #26521
UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC 2026 Full-Length Mock Test 1 Medium
Which of the following is best described as: Principle that government and citizens are governed by publicly known laws applied fairly
A
NITI Aayog
B
Transparency
C
Estimates Committee
D
Rule of law
Correct Answer: D. Rule of law
Question: Which of the following is best described as: Principle that government and citizens are governed by publicly known laws applied fairly
A. NITI Aayog
B. Transparency
C. Estimates Committee
D. Rule of law
Correct Answer: D. Rule of law
Explanation: The correct answer is Rule of law. Principle that government and citizens are governed by publicly known laws applied fairly
QID #26520
UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC 2026 Full-Length Mock Test 1 Easy
What is 16% of 2500?
A
400
B
525
C
275
D
2484
Correct Answer: A. 400
Question: What is 16% of 2500?
A. 400
B. 525
C. 275
D. 2484
Correct Answer: A. 400
Explanation: 16% of 2500 = 16/100 × 2500 = 400.
QID #26519
UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC 2026 Full-Length Mock Test 1 Medium
Which statement best explains Standing orders?
A
Legal regulation of timely and authorized payment of wages
B
Authority appointed to mediate and promote settlement of industrial disputes
C
Written rules defining conditions of employment in covered establishments
D
Protection provided through measures addressing income loss and contingencies such as old age, sickness and employment injury
Correct Answer: C. Written rules defining conditions of employment in covered establishments
Question: Which statement best explains Standing orders?
A. Legal regulation of timely and authorized payment of wages
B. Authority appointed to mediate and promote settlement of industrial disputes
C. Written rules defining conditions of employment in covered establishments
D. Protection provided through measures addressing income loss and contingencies such as old age, sickness and employment injury
Correct Answer: C. Written rules defining conditions of employment in covered establishments
Explanation: Standing orders: Written rules defining conditions of employment in covered establishments
QID #26518
UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC 2026 Full-Length Mock Test 1 Medium
Which statement best explains National treatment?
A
Production process in which stages are located across multiple countries
B
Tax imposed on imported or exported goods
C
Trade principle requiring imported products to be treated no less favourably than like domestic products after entry
D
WTO principle requiring non-discriminatory treatment among trading partners, subject to exceptions
Correct Answer: C. Trade principle requiring imported products to be treated no less favourably than like domestic products after entry
Question: Which statement best explains National treatment?
A. Production process in which stages are located across multiple countries
B. Tax imposed on imported or exported goods
C. Trade principle requiring imported products to be treated no less favourably than like domestic products after entry
D. WTO principle requiring non-discriminatory treatment among trading partners, subject to exceptions
Correct Answer: C. Trade principle requiring imported products to be treated no less favourably than like domestic products after entry
Explanation: National treatment: Trade principle requiring imported products to be treated no less favourably than like domestic products after entry
QID #26517
UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC 2026 Full-Length Mock Test 1 Medium
Which of the following is best described as: Process for moving eligible PF accumulations from a previous employment-linked account to the current one
A
Transfer claim
B
Social Security Code, 2020
C
KYC
D
EPF Scheme, 1952
Correct Answer: A. Transfer claim
Question: Which of the following is best described as: Process for moving eligible PF accumulations from a previous employment-linked account to the current one
A. Transfer claim
B. Social Security Code, 2020
C. KYC
D. EPF Scheme, 1952
Correct Answer: A. Transfer claim
Explanation: The correct answer is Transfer claim. Process for moving eligible PF accumulations from a previous employment-linked account to the current one
QID #26516
UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC 2026 Full-Length Mock Test 1 Medium
Which of the following is best described as: Classical dance tradition associated with Manipur
A
Ajanta Caves
B
Manipuri
C
Carnatic music
D
Odissi
Correct Answer: B. Manipuri
Question: Which of the following is best described as: Classical dance tradition associated with Manipur
A. Ajanta Caves
B. Manipuri
C. Carnatic music
D. Odissi
Correct Answer: B. Manipuri
Explanation: The correct answer is Manipuri. Classical dance tradition associated with Manipur
QID #26515
UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC 2026 Full-Length Mock Test 1 Medium
Which of the following is best described as: Salary measure used according to scheme rules for pension calculation
A
Pensionable service
B
Transfer claim
C
KYC
D
Pensionable salary
Correct Answer: D. Pensionable salary
Question: Which of the following is best described as: Salary measure used according to scheme rules for pension calculation
A. Pensionable service
B. Transfer claim
C. KYC
D. Pensionable salary
Correct Answer: D. Pensionable salary
Explanation: The correct answer is Pensionable salary. Salary measure used according to scheme rules for pension calculation
QID #26514
UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC 2026 Full-Length Mock Test 1 Medium
Which pair has the same relationship as 8:64?
A
6:36
B
5:20
C
7:42
D
9:72
Correct Answer: A. 6:36
Question: Which pair has the same relationship as 8:64?
A. 6:36
B. 5:20
C. 7:42
D. 9:72
Correct Answer: A. 6:36
Explanation: 64=8² and 36=6².
QID #26513
UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC 2026 Full-Length Mock Test 1 Medium
Which statement best explains Protectionism?
A
WTO principle requiring non-discriminatory treatment among trading partners, subject to exceptions
B
Cross-border investment mainly in financial assets without managerial control
C
Policies designed to shield domestic producers from foreign competition
D
Institution focused on international monetary cooperation and balance-of-payments support
Correct Answer: C. Policies designed to shield domestic producers from foreign competition
Question: Which statement best explains Protectionism?
A. WTO principle requiring non-discriminatory treatment among trading partners, subject to exceptions
B. Cross-border investment mainly in financial assets without managerial control
C. Policies designed to shield domestic producers from foreign competition
D. Institution focused on international monetary cooperation and balance-of-payments support
Correct Answer: C. Policies designed to shield domestic producers from foreign competition
Explanation: Protectionism: Policies designed to shield domestic producers from foreign competition
QID #26512
UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC 2026 Full-Length Mock Test 1 Medium
Which statement best explains External audit?
A
Information used by an auditor in arriving at conclusions on which the audit opinion is based
B
Independent examination commonly performed by an auditor outside the entity
C
Assumption that an entity will continue operations for the foreseeable future
D
Examination of documentary evidence supporting transactions
Correct Answer: B. Independent examination commonly performed by an auditor outside the entity
Question: Which statement best explains External audit?
A. Information used by an auditor in arriving at conclusions on which the audit opinion is based
B. Independent examination commonly performed by an auditor outside the entity
C. Assumption that an entity will continue operations for the foreseeable future
D. Examination of documentary evidence supporting transactions
Correct Answer: B. Independent examination commonly performed by an auditor outside the entity
Explanation: External audit: Independent examination commonly performed by an auditor outside the entity
QID #26511
UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC 2026 Full-Length Mock Test 1 Medium
Which of the following is best described as: Negotiation between employers and workers' representatives over terms and conditions of employment
A
Industrial democracy
B
Retrenchment
C
Collective bargaining
D
Social dialogue
Correct Answer: C. Collective bargaining
Question: Which of the following is best described as: Negotiation between employers and workers' representatives over terms and conditions of employment
A. Industrial democracy
B. Retrenchment
C. Collective bargaining
D. Social dialogue
Correct Answer: C. Collective bargaining
Explanation: The correct answer is Collective bargaining. Negotiation between employers and workers' representatives over terms and conditions of employment
QID #26510
UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC 2026 Full-Length Mock Test 1 Medium
Eleventh Schedule is correctly associated with which of the following?
A
Finance Commission
B
Equality of opportunity in public employment
C
Subjects relating to Panchayats
D
Parliament cannot alter the basic structure of the Constitution through amendment
Correct Answer: C. Subjects relating to Panchayats
Question: Eleventh Schedule is correctly associated with which of the following?
A. Finance Commission
B. Equality of opportunity in public employment
C. Subjects relating to Panchayats
D. Parliament cannot alter the basic structure of the Constitution through amendment
Correct Answer: C. Subjects relating to Panchayats
Explanation: The Eleventh Schedule lists subjects that may be entrusted to Panchayats.
QID #26509
UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC 2026 Full-Length Mock Test 1 Medium
Which of the following is best described as: Additional payment linked to statutory or organizational criteria beyond ordinary wages
A
Code on Social Security, 2020
B
Bonus
C
Employees' compensation
D
Provident fund
Correct Answer: B. Bonus
Question: Which of the following is best described as: Additional payment linked to statutory or organizational criteria beyond ordinary wages
A. Code on Social Security, 2020
B. Bonus
C. Employees' compensation
D. Provident fund
Correct Answer: B. Bonus
Explanation: The correct answer is Bonus. Additional payment linked to statutory or organizational criteria beyond ordinary wages
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