General Knowledge Questions on EPFO: Check 10+ Simple Questions on Employee's Provident Fund

The Employees' Provident Fund Organisation (EPFO) is an important government body that plays a vital role in ensuring financial security for employees by managing the Provident Fund (PF), Employees’ Pension Scheme (EPS), and Employees’ Deposit Linked Insurance (EDLI). EPFO helps millions of workers save for their future, receive pension benefits after retirement, and access insurance coverage in case of unforeseen circumstances.

Understanding how EPF contributions, withdrawals, interest rates, and pension benefits work is essential for every employee. To help you learn more, here is a quiz and detailed explanations for each answer. Whether you’re a working professional, a student, or someone preparing for competitive exams, this quiz will test and improve your knowledge of EPFO simply and engagingly. 

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1. When was EPFO established?

A) 1951
B) 1952
C) 1953
D) 1954

Answer: B) 1952

Explanation: EPFO was established on 4th March 1952 under the Employees' Provident Funds and Miscellaneous Provisions Act, 1952.

2. Under which ministry does EPFO operate?

A) Ministry of Finance
B) Ministry of Corporate Affairs
C) Ministry of Home Affairs
D) Ministry of Labour and Employment

Answer: D) Ministry of Labour and Employment

Explanation: EPFO is regulated by the Ministry of Labour and Employment, which oversees the labour welfare in India.

3. What is the current interest rate on EPF?

A) 8.25%
B) 8.1%
C) 7.5%
D) 8.5%

Answer: A) 8.25%

Explanation: The EPF interest rate is revised annually, and for 2023-24, it has been set at 8.25%.

4. What percentage of an employee’s salary is contributed to EPF by the employer?

A) 8%
B) 10%
C) 12%
D) 14%

Answer: C) 12%

Explanation: Employers contribute 12% of an employee’s basic salary and dearness allowance to the EPF account.

5. Which of the following is NOT managed by EPFO?

A) Employees’ Provident Fund (EPF)
B) Employees’ Pension Scheme (EPS)
C) Employees’ Deposit Linked Insurance (EDLI)
D) Employees’ State Insurance (ESI)

Answer: D) Employees’ State Insurance (ESI)

Explanation: ESI is managed by the Employees' State Insurance Corporation (ESIC), while EPFO handles EPF, EPS, and EDLI.

6. What is the minimum number of employees required for an organization to register under EPFO?

A) 20
B) 15
C) 10
D) 25

Answer: A) 20

Explanation: Organizations with 20 or more employees must mandatorily register under EPFO. The EPFO mentions: "Register establishment with EPFO on crossing the eligibility threshold – 20 or more employees
of specified establishment types."

7. What is the employee’s contribution towards EPF?

A) 10%
B) 12%
C) 8%
D) 14%

Answer: B) 12%

Explanation: Employees also contribute 12% of their basic salary and dearness allowance to the EPF account.

8. What is the full form of UAN?

A) Universal Account Number
B) Unique Account Number
C) Unified Account Name
D) Universal Authentication Number

Answer: A) Universal Account Number

Explanation: UAN is a unique number assigned to each employee to link multiple EPF accounts.

9. Can an employee contribute more than 12% to EPF?

A) Only if salary is below ₹15,000
B) No
C) Only with employer’s permission
D) Yes, voluntarily

Answer: D) Yes, voluntarily

Explanation: Employees can contribute more than 12% under the Voluntary Provident Fund (VPF), but the employer is not required to match the excess amount.

10. What is the age limit for receiving EPS benefits?

A) 55 years
B) 58 years
C) 60 years
D) 62 years

Answer: B) 58 years

Explanation: EPS pension benefits start at 58 years, but early withdrawal is possible at a reduced rate from 50 years.

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