MCQ

EPFO MCQ - Practice Questions with Answers

Solve 2 EPFO questions for RAS/RPSC preparation.

Practice questions

Q1Match List I with List II and select the correct answer using the codes given below. List I (Provision / Reference under the EPFO Amnesty Scheme, 2026) A. Section 17 of the EPF & MP Act, 1952 B. Section 143 of the Code on Social Security, 2020 C. GSR 525(E) D. rc.exemption@epfindia.gov.in List II (Description) 1. The other provision under which amnesty is granted retrospectively to eligible establishments 2. The provision under which a provident fund obtains exemption, now a pre-condition for recognition under the Income Tax Act, 2025 3. The email id on which an establishment may send an expression of interest for availing the Scheme 4. The Gazette notification dated 29.06.2026 whose Annexure Part C carries the details of the Scheme

A A-1, B-2, C-4, D-3

B A-2, B-1, C-4, D-3

C A-2, B-1, C-3, D-4

D A-1, B-2, C-3, D-4

Explanation

A-2: Under the Finance Act, 2026 alignment, recognition under the Income Tax Act, 2025 shall be available only to provident funds that have obtained exemption under Section 17 of the EPF & MP Act, 1952, making Section 17 the exemption-granting provision and the pre-condition for recognition. B-1: Amnesty is granted to eligible establishments retrospectively under Section 17 of the Act and Section 143 of the Code on Social Security, 2020. C-4: The Scheme's details are set out in Part C of the Annexure to the Employees' Provident Fund Scheme, 2026, issued vide Gazette notification GSR 525(E) dated 29.06.2026. D-3: An establishment may email an expression of interest indicating its willingness to avail the Scheme to rc.exemption@epfindia.gov.in. Hence the correct code is A-2, B-1, C-4, D-3.

Q2With reference to the EPFO Amnesty Scheme, 2026, consider the following statements: 1. The Scheme was notified on 29 June 2026 and is valid for a period of six months from the date of notification. 2. The Scheme is available only to those establishments that already possess a formal exemption notification issued by the appropriate Government. Which of the statements given above is/are correct?

A 1 only

B 2 only

C Both 1 and 2

D Neither 1 nor 2

Explanation

Statement 1 is correct: the Amnesty Scheme, 2026 was notified on 29 June 2026 and is valid for six (6) months from the date of notification. Statement 2 is incorrect: the Scheme applies precisely to the opposite set of establishments. It covers establishments that have been operating a Provident Fund Trust recognized under the Income Tax Act, 1961 but do NOT possess a formal exemption notification from the appropriate Government, whether the Central Government or a State Government. The Scheme is a one-time route for such establishments to obtain exemption status and Trust recognition retrospectively under Section 17 of the EPF & MP Act, 1952 and Section 143 of the Code on Social Security, 2020. Hence, only statement 1 is correct.

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