Question for PFRDA Officer Grade A (General) 2026 - Quiz / Questions / MCQ

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Latest PFRDA Officer Grade A Exam Question (Objective Questions), MCQ in English

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Question Bank PFRDA Officer Grade A (General) Phase-II Paper-2 Exam - English

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Professional Knowledge (General)

Question 1Single Answer

Commerce primarily deals with:

A
Distribution and exchange of goods and services
B
Production of goods only
C
Extraction of natural resources only
D
Manufacturing activities only

Question 2Single Answer

Which of the following is classified as an auxiliary to trade?

A
Manufacturing
B
Mining
C
Agriculture
D
Insurance

Question 3Single Answer

Trade conducted within the geographical boundaries of a country is called:

A
Entrepot trade
B
Multilateral trade
C
Foreign trade
D
Internal trade

Question 4Single Answer

Purchase of goods from another country is known as:

A
Export
B
Import
C
Entrepot
D
Barter

Question 5Single Answer

Entrepot trade involves:

A
Importing goods for re-export
B
Sale of domestic goods within the country
C
Exporting only agricultural goods
D
Exchange without money

Question 6Single Answer

Which function of commerce removes the hindrance of place?

A
Warehousing
B
Banking
C
Transportation
D
Insurance

Question 7Single Answer

Warehousing primarily removes the hindrance of:

A
Finance
B
Risk
C
Time
D
Communication

Question 8Single Answer

Insurance helps business mainly by reducing the burden of:

A
Transportation
B
Advertising
C
Production
D
Risk

Question 9Single Answer

Banking removes the hindrance of:

A
Place
B
Knowledge
C
Time
D
Finance

Question 10Single Answer

Advertising mainly removes the hindrance of:

A
Storage
B
Finance
C
Risk
D
Information

Question 11Single Answer

A sole proprietorship is owned by:

A
At least two persons
B
Government
C
One person
D
Shareholders only

Question 12Single Answer

Unlimited liability is generally associated with:

A
Company shareholders
B
Mutual funds
C
Debenture holders
D
Sole proprietorship

Question 13Single Answer

The minimum number of persons normally required to form a partnership is:

Question 14Single Answer

The relationship between partners is principally based on:

A
Status
B
Government nomination
C
Inheritance
D
Contract

Question 15Single Answer

The document containing the terms and conditions of a partnership is called:

A
Partnership deed
B
Prospectus
C
Memorandum
D
Certificate of incorporation

Question 16Single Answer

Mutual agency is an essential feature of:

A
Sole proprietorship
B
Partnership
C
Public corporation
D
Cooperative society only

Question 17Single Answer

A partner is an agent of:

A
Government
B
Other partners and the firm
C
Customers only
D
Creditors only

Question 18Single Answer

A Hindu Undivided Family business is generally managed by the:

A
Director
B
Secretary
C
Karta
D
Auditor

Question 19Single Answer

Membership in a Hindu Undivided Family business arises mainly by:

A
Contract
B
Election
C
Birth
D
Nomination

Question 20Single Answer

The primary objective of a cooperative society is:

A
Service to members
B
Maximum speculative profit
C
Monopoly creation
D
Elimination of members

Question 21Single Answer

The principle generally followed in cooperative voting is:

A
One share, one vote
B
Votes based on profit
C
One member, one vote
D
Votes based on age

Question 22Single Answer

A company has:

A
No legal identity
B
Identity identical to employees
C
Identity identical to directors
D
Separate legal entity

Question 23Single Answer

Perpetual succession is an important feature of a:

A
Temporary association
B
Company
C
Sole proprietorship only
D
Joint adventure

Question 24Single Answer

Ownership of a company is represented through:

A
Salaries
B
Wages
C
Rent
D
Shares

Question 25Single Answer

The liability of a shareholder in a company limited by shares is normally limited to:

A
All personal property
B
Company's total liabilities
C
Unpaid amount on shares
D
Directors' remuneration

Question 26Single Answer

A public sector enterprise is principally owned or controlled by:

A
Private individuals only
B
Employees exclusively
C
Foreign customers
D
Government

Question 27Single Answer

Disinvestment refers to:

A
Sale of government stake in enterprises
B
Purchase of additional government shares
C
Closure of all private firms
D
Increase in import duties

Question 28Single Answer

Privatization generally means:

A
Increasing government ownership
B
Prohibiting private investment
C
Increasing private-sector participation or ownership
D
Nationalizing all enterprises

Question 29Single Answer

Liberalization generally involves:

A
Increasing unnecessary controls
B
Relaxation of government restrictions on economic activity
C
Complete ban on imports
D
Abolition of markets

Question 30Single Answer

Globalization refers to increased:

A
Integration among national economies
B
Economic isolation
C
Restriction of communication
D
Elimination of international trade

Question 31Single Answer

Business environment includes:

A
Only internal factors
B
Only political factors
C
Only consumers
D
Internal and external forces affecting business

Question 32Single Answer

Inflation is part of the:

A
Natural environment only
B
Economic environment
C
Internal organizational structure
D
Production layout

Question 33Single Answer

Government stability is mainly a component of the:

A
Technological environment
B
Political environment
C
Physical environment
D
Internal environment

Question 34Single Answer

Changes in population characteristics form part of the:

A
Accounting environment
B
Legal environment only
C
Production environment
D
Demographic environment

Question 35Single Answer

Changes in consumer lifestyles are primarily associated with the:

A
Socio-cultural environment
B
Accounting environment
C
Production environment
D
Audit environment

Question 36Single Answer

Rapid innovation in artificial intelligence represents change in the:

A
Political environment
B
Natural environment only
C
Demographic environment
D
Technological environment

Question 37Single Answer

Laws regulating business constitute the:

A
Production environment
B
Legal environment
C
Accounting environment
D
Internal environment

Question 38Single Answer

SWOT analysis examines:

A
Sales, wages, output and tax
B
Stocks, working capital, overheads and turnover
C
Strengths, weaknesses, opportunities and threats
D
Strategy, work, organization and technology

Question 39Single Answer

Strengths and weaknesses in SWOT analysis are generally:

A
Macroeconomic variables only
B
International factors only
C
Government factors only
D
Internal factors

Question 40Single Answer

Opportunities and threats in SWOT analysis are generally associated with:

A
Depreciation policy
B
Bookkeeping records
C
Payroll records
D
External environment

Question 41Single Answer

PESTLE analysis includes:

A
Political factors
B
Economic factors
C
Technological factors
D
All of the above

Question 42Single Answer

Which is NOT normally included in PESTLE analysis?

A
Political
B
Journal entry
C
Social
D
Economic

Question 43Single Answer

A recession generally refers to:

A
Expansion in economic activity
B
Permanent rise in population
C
Significant decline in economic activity
D
Increase in rainfall

Question 44Single Answer

Fiscal policy primarily relates to government decisions concerning:

A
Production scheduling
B
Product packaging
C
Employee recruitment only
D
Revenue and expenditure

Question 45Single Answer

Monetary policy primarily influences:

A
Product design
B
Company incorporation
C
Money and credit conditions
D
Employee leave

Question 46Single Answer

An entrepreneur primarily:

A
Organizes resources and bears business risk
B
Avoids all decisions
C
Works only as a creditor
D
Performs only clerical functions

Question 47Single Answer

Innovation is closely associated with the entrepreneurial theory of:

A
Adam Smith only
B
Joseph Schumpeter
C
David Ricardo only
D
Alfred Marshall only

Question 48Single Answer

Intrapreneurship refers to entrepreneurship:

A
Outside all organizations
B
Only in government departments
C
Within an existing organization
D
Only in foreign trade

Question 49Single Answer

A startup is generally characterized by:

A
Complete absence of innovation
B
Search for a scalable or innovative business model
C
Mandatory government ownership
D
Zero uncertainty

Question 50Single Answer

Bootstrapping a business means primarily using:

A
Internal or personal resources
B
Unlimited government grants
C
Compulsory foreign loans
D
Only debenture finance

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Professional Knowledge (General)

Question 51Single Answer

The theory of absolute advantage is associated with:

A
Schumpeter
B
David Ricardo
C
Keynes
D
Adam Smith

Question 52Single Answer

Comparative advantage theory is associated with:

A
Philip Kotler
B
David Ricardo
C
Henry Fayol
D
Peter Drucker

Question 53Single Answer

Comparative advantage emphasizes specialization based on:

A
Currency color
B
Population size only
C
Opportunity cost differences
D
Absolute wage equality

Question 54Single Answer

A tariff is:

A
A tax on international trade
B
A subsidy to all workers
C
A salary payment
D
An accounting ratio

Question 55Single Answer

An import quota directly restricts the:

A
Number of bank accounts
B
Quantity of domestic production
C
Quantity of imports
D
Number of employees

Question 56Single Answer

Dumping generally refers to selling a product in a foreign market at:

A
An unusually low price relative to relevant benchmarks
B
The highest possible price in every case
C
A price fixed by employees
D
A price unrelated to international trade

Question 57Single Answer

Protectionism aims to:

A
Reduce all domestic industries
B
Eliminate domestic production
C
Protect domestic industries from foreign competition
D
Abolish taxation

Question 58Single Answer

A trade surplus occurs when:

A
Imports exceed exports
B
Imports equal zero only
C
Exports exceed imports
D
Exports equal imports exactly

Question 59Single Answer

A trade deficit occurs when:

A
Exports exceed imports
B
There is no domestic trade
C
Exports equal imports
D
Imports exceed exports

Question 60Single Answer

Balance of Trade mainly records:

A
Internal wages
B
Population changes
C
Government elections
D
Trade in goods

Question 61Single Answer

Balance of Payments is:

A
An employee attendance record
B
A firm's cash book
C
A production register
D
A record of economic transactions between residents and the rest of the world

Question 62Single Answer

The current account of the Balance of Payments includes:

A
Trade in goods and services
B
Issue of equity shares by a domestic company only
C
Purchase of machinery within the same factory
D
Internal depreciation

Question 63Single Answer

FDI generally involves:

A
Purchase of consumer goods only
B
Long-term investment with significant influence or control
C
Payment of salary
D
Routine domestic trade credit

Question 64Single Answer

FPI primarily refers to investment in:

A
Factory machinery under direct managerial control only
B
Financial assets such as securities
C
Household furniture
D
Agricultural seeds only

Question 65Single Answer

Depreciation of a domestic currency generally makes exports:

A
Automatically tax-free
B
Impossible
C
Legally prohibited
D
Relatively cheaper to foreign buyers, other things equal

Question 66Single Answer

Appreciation of a domestic currency generally makes imports:

A
Automatically prohibited
B
Relatively cheaper, other things equal
C
Always more expensive
D
Unavailable

Question 67Single Answer

The WTO primarily deals with:

A
Rules governing international trade
B
Local municipal elections
C
Company payroll
D
Weather forecasting

Question 68Single Answer

WTO stands for:

A
World Trade Organization
B
World Tax Office
C
Worldwide Transport Organization
D
World Treasury Operation

Question 69Single Answer

The WTO came into existence in:

A
1995
B
1945
C
2005
D
2015

Question 70Single Answer

GATT stands for:

A
General Authority for Transport and Technology
B
Global Association for Tax and Trade
C
General Agreement on Tariffs and Trade
D
Global Agreement for Treasury Transfers

Question 71Single Answer

The IMF primarily promotes:

A
Retail advertising
B
International monetary cooperation and financial stability
C
Domestic product packaging
D
Corporate recruitment

Question 72Single Answer

SDRs are international reserve assets created by the:

A
IMF
B
WTO
C
ILO
D
UNESCO

Question 73Single Answer

The World Bank Group is principally associated with:

A
Running stock exchanges
B
Fixing retail prices globally
C
Development financing and poverty reduction
D
Issuing company shares

Question 74Single Answer

A customs union generally combines free trade among members with:

A
Separate external tariffs only
B
A common external tariff
C
No international trade
D
Common company law worldwide

Question 75Single Answer

A free trade area normally eliminates or reduces trade barriers:

A
Only against member countries
B
Among member countries
C
On domestic wages
D
On internal accounting

Question 76Single Answer

Marketing begins primarily with identifying:

A
Tax penalties
B
Audit objections
C
Customer needs
D
Factory depreciation

Question 77Single Answer

The traditional marketing mix consists of:

A
3 Ps
B
8 Cs only
C
4 Ps
D
2 Rs

Question 78Single Answer

The four Ps of marketing are:

A
Product, Price, Place and Promotion
B
Product, Profit, People and Payroll
C
Price, Planning, Payroll and Production
D
Place, Policy, Pension and Profit

Question 79Single Answer

Market segmentation means:

A
Combining all products into one
B
Closing all markets
C
Dividing a market into distinct customer groups
D
Eliminating consumer research

Question 80Single Answer

Demographic segmentation can use:

A
Age
B
All of the above
C
Gender
D
Income

Question 81Single Answer

Geographic segmentation is based mainly on:

A
Location
B
Personality
C
Product cost only
D
Accounting method

Question 82Single Answer

Psychographic segmentation commonly considers:

A
Lifestyle and personality
B
Invoice numbers
C
Tax rate only
D
Production volume only

Question 83Single Answer

Behavioral segmentation may be based on:

A
Usage rate
B
Benefits sought
C
All of the above
D
Loyalty status

Question 84Single Answer

Target marketing involves:

A
Selecting market segments to serve
B
Producing without considering customers
C
Closing distribution channels
D
Avoiding product decisions

Question 85Single Answer

Positioning refers to creating:

A
A factory floor plan only
B
A production ledger
C
A distinct product image in the target customer's mind
D
A statutory audit programme

Question 86Single Answer

Branding helps primarily in:

A
Avoiding quality control
B
Eliminating every competitor
C
Product identification and differentiation
D
Removing all business risk

Question 87Single Answer

A trademark primarily protects:

A
Brand identifiers
B
Company debts
C
Employee salaries
D
Inventory quantities

Question 88Single Answer

Packaging can perform which function?

A
All of the above
B
Promotion
C
Convenience
D
Protection

Question 89Single Answer

Product life cycle commonly includes:

A
Debit, credit and balance
B
Purchase, audit and liquidation only
C
Hiring, training and retirement
D
Introduction, growth, maturity and decline

Question 90Single Answer

Sales generally grow rapidly during the:

A
Growth stage
B
Decline stage
C
Pre-production stage only
D
Liquidation stage

Question 91Single Answer

Market saturation is commonly associated with the:

A
Idea stage only
B
Introduction stage only
C
Maturity stage
D
Accounting stage

Question 92Single Answer

Price skimming involves charging:

A
No price
B
A permanently zero price
C
The lowest possible price by law
D
A relatively high initial price

Question 93Single Answer

Penetration pricing involves setting a relatively:

A
Legally fixed global price
B
High initial price to skim segments
C
Random price
D
Low initial price to gain market acceptance

Question 94Single Answer

Personal selling involves:

A
Only newspaper advertisements
B
Direct interaction with prospective customers
C
Only product packaging
D
Only warehousing

Question 95Single Answer

Sales promotion includes:

A
Coupons and short-term incentives
B
Preparation of balance sheets
C
Payment of income tax
D
Internal auditing

Question 96Single Answer

Public relations primarily aims to:

A
Maintain inventory ledgers
B
Calculate depreciation
C
Determine factory wages
D
Manage relationships and organizational image among stakeholders

Question 97Single Answer

Advertising is generally a:

A
Production technique
B
Personal conversation only
C
Paid non-personal form of promotion
D
Cost accounting method

Question 98Single Answer

Digital marketing uses:

A
Only cash transactions
B
Only physical warehouses
C
Only handwritten ledgers
D
Online and digital channels

Question 99Single Answer

SEO is primarily used to improve:

A
Audit evidence
B
Factory capacity
C
Inventory valuation
D
Search-engine visibility

Question 100Single Answer

CRM stands for:

A
Customer Relationship Management
B
Corporate Revenue Measurement
C
Cost Recovery Mechanism
D
Customer Retail Margin

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Latest PFRDA Officer Grade A Exam Question (Objective Questions), MCQ in English

Professional Knowledge (General)

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Professional Knowledge (General)

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