Inoperative EPF accounts with balances up to which amount will now be settled automatically?
- A.Rs 500
- B.Rs 1,000
- C.Rs 5,000
- D.Rs 10,000
Correct answer
Explanation
The correct answer is Rs 1,000. Under the scheme launched on the Foundation Day, subscribers holding Aadhaar-verified inoperative EPF accounts with balances up to one thousand rupees need not file an individual claim at all; EPFO will begin settlement on its own after the prescribed identity and bank-account verification and transfer the dues to the rightful beneficiary. Options A, C and D name limits that were not set for this facility; a higher ceiling such as five or ten thousand rupees would also change the scale of the exercise, which was put at about one lakh accounts holding roughly Rs 5 crore. The measure sits alongside the other launch of the day, EPFO services through WhatsApp, which lets a subscriber check the balance, the latest five transactions and passbook information without visiting an office.
Read the full article: EPFO Marks 74th Foundation Day With WhatsApp Service Launch
Practice Questions
Which Foundation Day did the Employees’ Provident Fund Organisation celebrate on 1 November 2026?
- A.72nd
- B.73rd
- C.74th
- D.75th
Show answer
EPFO observed its 74th Foundation Day at the Dr. Ambedkar International Centre in New Delhi, marking a journey of seventy-four years from a statutory provident fund body, founded on a commitment of 1952, to one of the leading social security institutions in the country.
Read the full explanation →What was EPFO’s average claim settlement time in October 2026?
- A.7.5 days
- B.5.2 days
- C.3.9 days
- D.2.57 days
Show answer
The Foundation Day function showcased the effect of the technological overhaul carried out through the CITES 2.01 platform, and the sharpest measure of it was the fall in the average time taken to settle a claim, which stood at 2.57 days in October 2026.
Read the full explanation →Who is the Chairman of the Central Board of Trustees of the EPF?
- A.The Union Finance Minister
- B.The Union Minister for Labour and Employment
- C.The Central Provident Fund Commissioner
- D.The Governor of the Reserve Bank of India
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Mansukh Mandaviya, who holds the Labour and Employment portfolio along with Youth Affairs and Sports, presided over the Foundation Day function in his capacity as Chairman of the Central Board of Trustees of the EPF.
Read the full explanation →Who is the Union Minister of Fisheries, Animal Husbandry and Dairying visiting Sikkim?
- A.Rajiv Ranjan Singh
- B.G. Kishan Reddy
- C.Satish Chandra Dubey
- D.Vikram Dev Dutt
Show answer
He is the minister visiting the Gangtok and Mangan districts of Sikkim on 2 and 3 November 2026 to review fisheries development, launch the Standard Operating Procedure for organic fish farming, inaugurate projects worth Rs 375 lakh under the Pradhan Mantri Matsya Sampada Yojana and meet fish farmers.
Read the full explanation →Organic fisheries clusters under PMMSY have been notified in which two states?
- A.Sikkim and Meghalaya
- B.Assam and Tripura
- C.Sikkim and Manipur
- D.Nagaland and Meghalaya
Show answer
Among the fisheries production and processing clusters notified under the Pradhan Mantri Matsya Sampada Yojana, the organic fisheries clusters are in these two states, which is also why a Standard Operating Procedure for organic fish farming is being launched during the ministerial visit to Sikkim.
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