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Home Appendix-II Appendix-II -Paper-1 Establishment PF SAS-Group-I 💐PROVIDENT FUND (100 MCQs) (Includes calculation-based questions)

💐PROVIDENT FUND (100 MCQs) (Includes calculation-based questions)


💐PROVIDENT FUND (100 MCQs)

(Includes calculation-based questions — GPF/CPF concepts)


  1. GPF stands for:
    A) General Pension Fund
    B) General Provident Fund
    C) Government Pension Fund
    D) Group Provident Fund
    Answer: B
  2. GPF is applicable to:
    A) Private employees
    B) Govt employees (old pension scheme)
    C) All employees
    D) Contractors
    Answer: B
  3. CPF stands for:
    A) Central Pension Fund
    B) Contributory Provident Fund
    C) Compulsory Provident Fund
    D) Combined Provident Fund
    Answer: B
  4. GPF subscription is:
    A) Optional
    B) Mandatory
    C) Conditional
    D) Temporary
    Answer: B
  5. Minimum GPF subscription is:
    A) 6% of pay
    B) 10% of pay
    C) 5% of pay
    D) 1% of pay
    Answer: A
  6. Maximum GPF subscription is:
    A) 50%
    B) 75%
    C) 100% of pay
    D) Unlimited
    Answer: C
  7. Interest on GPF is:
    A) Fixed by govt
    B) Market-based
    C) Fixed by RBI
    D) Optional
    Answer: A
  8. Interest is credited:
    A) Monthly
    B) Quarterly
    C) Yearly
    D) Half-yearly
    Answer: C
  9. GPF account is maintained by:
    A) Employee
    B) Accounts office
    C) Bank
    D) Auditor
    Answer: B
  10. GPF advance is:
    A) Loan
    B) Withdrawal
    C) Grant
    D) Bonus
    Answer: A
  11. Final withdrawal is allowed:
    A) Anytime
    B) Before retirement (conditions)
    C) Only after retirement
    D) Never
    Answer: B
  12. Temporary advance requires:
    A) No reason
    B) Specific purpose
    C) Audit
    D) Court
    Answer: B
  13. GPF balance earns:
    A) No interest
    B) Simple interest
    C) Compound interest
    D) Bonus
    Answer: C
  14. GPF nomination is for:
    A) Employee
    B) Family
    C) Auditor
    D) Court
    Answer: B
  15. Subscription can be stopped:
    A) Anytime
    B) Last 3 months of service
    C) Never
    D) Only once
    Answer: B
  16. GPF is governed by:
    A) GPF Rules
    B) IPC
    C) CPC
    D) Pension rules
    Answer: A
  17. Interest rate is notified by:
    A) RBI
    B) Govt of India
    C) Bank
    D) Auditor
    Answer: B
  18. GPF is part of:
    A) Salary
    B) Savings
    C) Allowance
    D) Pension
    Answer: B
  19. Subscription is deducted from:
    A) Gross pay
    B) Basic pay
    C) Net pay
    D) Allowance
    Answer: B
  20. GPF ensures:
    A) Pension
    B) Savings
    C) Bonus
    D) Allowance
    Answer: B


  1. Basic pay ₹50,000 → min GPF subscription:
    A) ₹2,500
    B) ₹3,000
    C) ₹5,000
    D) ₹1,000
    Answer: B (6%)
  2. Basic pay ₹40,000 → max subscription:
    A) ₹20,000
    B) ₹30,000
    C) ₹40,000
    D) ₹50,000
    Answer: C
  3. Monthly subscription ₹5,000 → yearly =
    A) ₹50,000
    B) ₹60,000
    C) ₹55,000
    D) ₹65,000
    Answer: B
  4. Interest rate 7% on ₹1,00,000 → interest =
    A) ₹5,000
    B) ₹7,000
    C) ₹10,000
    D) ₹8,000
    Answer: B
  5. Balance ₹2,00,000 @ 7% → interest =
    A) ₹10,000
    B) ₹14,000
    C) ₹12,000
    D) ₹16,000
    Answer: B
  6. Monthly ₹3,000 for 12 months → total =
    A) ₹30,000
    B) ₹36,000
    C) ₹40,000
    D) ₹32,000
    Answer: B
  7. Interest calculated on:
    A) Monthly balance
    B) Closing balance
    C) Minimum balance
    D) Average
    Answer: C
  8. Advance ₹50,000, recovery in 10 months → monthly:
    A) ₹5,000
    B) ₹4,000
    C) ₹6,000
    D) ₹3,000
    Answer: A
  9. Balance ₹5,00,000 → 90% withdrawal =
    A) ₹4,00,000
    B) ₹4,50,000
    C) ₹5,00,000
    D) ₹3,50,000
    Answer: B
  10. Subscription ₹2,000/month → 6 months =
    A) ₹10,000
    B) ₹12,000
    C) ₹15,000
    D) ₹8,000
    Answer: B
  11. Balance ₹3,00,000 → interest @ 8% =
    A) ₹20,000
    B) ₹24,000
    C) ₹18,000
    D) ₹22,000
    Answer: B
  12. If no subscription for 3 months, total annual reduces by:
    A) ₹3,000
    B) ₹6,000
    C) ₹9,000
    D) ₹12,000
    Answer: C
  13. Recovery ₹20,000 in 5 months → monthly:
    A) ₹4,000
    B) ₹5,000
    C) ₹6,000
    D) ₹3,000
    Answer: A
  14. Balance ₹1,50,000 → interest @ 7% =
    A) ₹10,500
    B) ₹12,000
    C) ₹9,000
    D) ₹8,000
    Answer: A
  15. Withdrawal allowed for:
    A) Marriage
    B) Education
    C) Medical
    D) All
    Answer: D
  16. Advance interest:
    A) Charged
    B) Not charged
    C) Optional
    D) Conditional
    Answer: B
  17. Subscription stopped last 3 months → contribution:
    A) Continues
    B) Stops
    C) Doubles
    D) Half
    Answer: B
  18. Interest not allowed after:
    A) Retirement
    B) Death
    C) Final payment
    D) All
    Answer: C
  19. Balance ₹4,00,000 → 50% withdrawal:
    A) ₹1,00,000
    B) ₹2,00,000
    C) ₹3,00,000
    D) ₹4,00,000
    Answer: B
  20. Subscription ₹6,000/month → yearly:
    A) ₹60,000
    B) ₹72,000
    C) ₹66,000
    D) ₹75,000
    Answer: B
  21. Interest calculated on minimum balance between:
    A) 1–5
    B) 5–last day
    C) 10–20
    D) Full month
    Answer: B
  22. Balance ₹10,000 → interest @ 7% =
    A) ₹700
    B) ₹500
    C) ₹800
    D) ₹600
    Answer: A
  23. Subscription ₹4,000/month, 3 months missed → total yearly:
    A) ₹36,000
    B) ₹48,000
    C) ₹40,000
    D) ₹44,000
    Answer: A
  24. Advance recovery starts from:
    A) Next month
    B) Same month
    C) After 3 months
    D) Optional
    Answer: A
  25. Withdrawal reduces:
    A) Balance
    B) Interest
    C) Both
    D) None
    Answer: C
  26. Interest is compounded:
    A) Monthly
    B) Yearly
    C) Quarterly
    D) Daily
    Answer: B
  27. GPF advance limit depends on:
    A) Balance
    B) Pay
    C) Both
    D) None
    Answer: C
  28. Subscription changed:
    A) Anytime
    B) Once a year
    C) Monthly
    D) Never
    Answer: B
  29. Balance ₹6,00,000 → 75% withdrawal:
    A) ₹4,00,000
    B) ₹4,50,000
    C) ₹5,00,000
    D) ₹3,00,000
    Answer: B
  30. Final payment includes:
    A) Balance
    B) Interest
    C) Both
    D) None
    Answer: C


  1. GPF advance is recoverable:
    A) Yes
    B) No
    C) Partial
    D) Optional
    Answer: A
  2. Withdrawal is recoverable:
    A) Yes
    B) No
    C) Partial
    D) Optional
    Answer: B
  3. Nomination can be changed:
    A) Yes
    B) No
    C) Partial
    D) Conditional
    Answer: A
  4. GPF account closed on:
    A) Retirement
    B) Death
    C) Both
    D) None
    Answer: C
  5. Interest credited even if:
    A) No subscription
    B) Balance exists
    C) Both
    D) None
    Answer: C
  6. GPF is audited by:
    A) Audit
    B) Accounts
    C) Both
    D) None
    Answer: C
  7. Subscription default leads to:
    A) Penalty
    B) Adjustment
    C) Audit objection
    D) None
    Answer: B
  8. GPF is:
    A) Pension
    B) Savings
    C) Loan
    D) Allowance
    Answer: B
  9. Interest rate changes:
    A) Monthly
    B) Yearly
    C) Weekly
    D) Never
    Answer: B
  10. GPF ensures:
    A) Retirement security
    B) Savings
    C) Both
    D) None
    Answer: C
  11. GPF withdrawal allowed before retirement:
    A) Yes
    B) No
    C) Partial
    D) Conditional
    Answer: D
  12. GPF is part of:
    A) Financial management
    B) HR
    C) Both
    D) None
    Answer: C
  13. GPF errors corrected by:
    A) Audit
    B) Authority
    C) Both
    D) None
    Answer: C
  14. GPF statements issued:
    A) Monthly
    B) Yearly
    C) Quarterly
    D) Weekly
    Answer: B
  15. GPF interest is tax:
    A) Yes
    B) No
    C) Partial
    D) Conditional
    Answer: B
  16. GPF balance belongs to:
    A) Govt
    B) Employee
    C) Auditor
    D) Bank
    Answer: B
  17. GPF is compulsory for:
    A) Old pension scheme employees
    B) NPS employees
    C) Private
    D) All
    Answer: A
  18. GPF subscription is deducted:
    A) Before tax
    B) After tax
    C) Both
    D) None
    Answer: A
  19. GPF is refundable:
    A) Yes
    B) No
    C) Partial
    D) Conditional
    Answer: A
  20. GPF rules ensure:
    A) Savings
    B) Discipline
    C) Both
    D) None
    Answer: C
  21. GPF balance used for:
    A) Emergency
    B) Investment
    C) Both
    D) None
    Answer: C
  22. GPF withdrawal reduces future interest:
    A) Yes
    B) No
    C) Partial
    D) Conditional
    Answer: A
  23. GPF account is transferable:
    A) Yes
    B) No
    C) Partial
    D) Conditional
    Answer: A
  24. GPF ensures:
    A) Liquidity
    B) Savings
    C) Both
    D) None
    Answer: C
  25. GPF system is:
    A) Govt scheme
    B) Private
    C) Both
    D) None
    Answer: A
  26. GPF contribution is:
    A) Fixed
    B) Variable
    C) Both
    D) None
    Answer: C
  27. GPF balance grows due to:
    A) Interest
    B) Contribution
    C) Both
    D) None
    Answer: C
  28. GPF records maintained by:
    A) Accounts
    B) HR
    C) Both
    D) None
    Answer: C
  29. GPF ensures:
    A) Financial discipline
    B) Savings
    C) Both
    D) None
    Answer: C
  30. GPF audit ensures:
    A) Accuracy
    B) Compliance
    C) Both
    D) None
    Answer: C
  31. GPF is long-term:
    A) Yes
    B) No
    C) Partial
    D) Conditional
    Answer: A
  32. GPF helps in:
    A) Retirement
    B) Emergency
    C) Both
    D) None
    Answer: C
  33. GPF must follow:
    A) Rules
    B) Audit
    C) Both
    D) None
    Answer: C
  34. GPF errors impact:
    A) Balance
    B) Interest
    C) Both
    D) None
    Answer: C
  35. GPF is:
    A) Safe investment
    B) Risky
    C) Both
    D) None
    Answer: A
  36. GPF ensures:
    A) Financial stability
    B) Savings
    C) Both
    D) None
    Answer: C
  37. GPF system is:
    A) Regulated
    B) Unregulated
    C) Optional
    D) None
    Answer: A
  38. GPF supports:
    A) Employees
    B) Govt
    C) Both
    D) None
    Answer: A
  39. GPF ensures:
    A) Welfare
    B) Security
    C) Both
    D) None
    Answer: C
  40. GPF ultimately ensures:
    A) Savings
    B) Security
    C) Stability
    D) All
    Answer: D

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