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What was EPFO’s average claim settlement time in October 2026?

  1. A.7.5 days
  2. B.5.2 days
  3. C.3.9 days
  4. D.2.57 days

Correct answer

D. 2.57 days

Explanation

The correct answer is 2.57 days. 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. Options A, B and C are longer periods that were not reported for that month and would understate the improvement the organisation claimed. The figure matters because it is the number a question is most likely to be set on: it is the yardstick EPFO itself used to argue that members now reach their provident fund savings faster. The same occasion recorded a corpus of nearly Rs 32 lakh crore, more than 8 crore contributing members and about 85 lakh pensioners, and the Central Provident Fund Commissioner said institutional trust is built through every claim settled and every pension delivered.

Read the full article: EPFO Marks 74th Foundation Day With WhatsApp Service Launch

Practice Questions

Q2.Government SchemesMedium

Inoperative EPF accounts with balances up to which amount will now be settled automatically?

  1. A.Rs 500
  2. B.Rs 1,000
  3. C.Rs 5,000
  4. D.Rs 10,000
Show answer
Correct answer: B. 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…

Q3.Government SchemesMedium

Who is the Chairman of the Central Board of Trustees of the EPF?

  1. A.The Union Finance Minister
  2. B.The Union Minister for Labour and Employment
  3. C.The Central Provident Fund Commissioner
  4. D.The Governor of the Reserve Bank of India
Show answer
Correct answer: B. The Union Minister for Labour and Employment

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.

Q4.Government SchemesMedium

Who is the Union Minister of Fisheries, Animal Husbandry and Dairying visiting Sikkim?

  1. A.Rajiv Ranjan Singh
  2. B.G. Kishan Reddy
  3. C.Satish Chandra Dubey
  4. D.Vikram Dev Dutt
Show answer
Correct answer: A. Rajiv Ranjan Singh

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.

Q5.Government SchemesMedium

Organic fisheries clusters under PMMSY have been notified in which two states?

  1. A.Sikkim and Meghalaya
  2. B.Assam and Tripura
  3. C.Sikkim and Manipur
  4. D.Nagaland and Meghalaya
Show answer
Correct answer: A. Sikkim and Meghalaya

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.