EPFO (Employees’ Provident Fund Organization) is a government body in India that manages employees’ retirement savings. It ensures that workers have financial security after retirement by collecting contributions from both employees and employers. EPFO also provides pension and insurance benefits. Knowing key facts about EPFO is important for exams and general knowledge. Here is a simple GK Quiz to test your understanding.
The Employees’ Provident Fund Organization (EPFO) is a society security agency under India’s Ministry of Labour and Employment. It manages provident funds, pensions and insurance for employees. EPFO also handles agreements with other countries for international workers. Its top decision-making body is the Central Board of Trustees (CBT).
EPFO (Employees’ Provident Fund Organization) manages provident funds, pensions and insurance for employees in India. Test your knowledge about EPFO with this simple GK quiz! Answer these questions to learn more about its history, structure and functions.
Q1. When was the Employees’ Provident Fund Organization (EPFO) formed?
(a) 4 March 1951
(b) 4 March 1952
(c) 4 March 1953
(d) 4 March 1954
S1. Ans. (b)
Q2. EPFO operates under which ministry of the Indian government?
(a) Ministry of Finance
(b) Ministry of Home Affairs
(c) Ministry of Labour and Employment
(d) Ministry of Social Justice
S2. Ans. (c)
Q3. What is the main function of EPFO?
(a) Managing corporate taxes
(b) Providing employee pension, provident fund and insurance
(c) Regulating stock markets
(d) Providing agricultural subsidies
S3. Ans. (b)
Q4. What is the full form of UAN in EPFO?
(a) Universal Account Number
(b) Unique Allocation Number
(c) Unified Authentication Number
(d) Universal Agreement Number
S4. Ans. (a)
Q5. The Central Board of Trustees (CBT) of EPFO is chaired by which government official?
(a) Prime Minister of India
(b) Finance Minister of India
(c) Labour Minister of India
(d) RBI Governor
S5. Ans. (c)
Q6. How many social security schemes does EPFO currently operate?
(a) One
(b) Two
(c) Three
(d) Four
S6. Ans. (c)
Q7. What is the current interest rate on EPFO?
(a) 8.50%
(b) 8.25%
(c) 8.10%
(d) 7.90%
S7. Ans. (b)
Q8. What is the least number of workers a company must have to register with EPFO?
(a) 20
(b) 15
(c) 10
(d) 25
S8. Ans. (a)
Q9. What is the age limit for receiving EPS benefits?
(a) 55 years
(b) 58 years
(c) 60 years
(d) 62 years
S9. Ans. (b)
Q10. In which year was the Universal Account Number (UAN) launched?
(a) 2010
(b) 2012
(c) 2014
(d) 2016
S10. Ans. (c)
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