Aspirants preparing for the Pension Fund Regulatory and Development Authority Grade A exam and planning to appear in the upcoming 2026 cycle must understand that the competition is steadily increasing. The exam demands strong conceptual clarity, speed, and accuracy. One of the smartest ways to begin your preparation is by solving practice questions that reflect the actual exam pattern.
In this blog, we have provided a section-wise practice set along with a direct link to download the PFRDA Grade A Practice Questions PDF for free. This will help you assess your current preparation level and identify areas that need improvement.
Download the PFRDA Grade A Practice Questions
We have provided questions from each of the sections of the PFRDA Grade A Phase 1 exam. Each question is designed in the same format as asked in the actual exam. Along with every question, we have included the correct answer and a detailed explanation. The direct link to download the PFRDA Grade A practice questions PDF is provided below.
What does the PFRDA Grade A practice questions PDF include?
The PFRDA Grade A Practice Questions PDF includes carefully designed questions based on the latest exam pattern. It helps you get familiar with the types of questions asked in the actual exam.
- Section-wise questions for Phase 1
- Questions based on real exam difficulty level
- Detailed answers with explanations
- Mix of easy, moderate, and difficult questions
- Coverage of all important topics
PFRDA Grade A Practice Quiz
Attempt the PFRDA Grade A practice quiz covering all four sections, practice the short test, and check the level of your preparation.
PFRDA Grade A Paper 1 Practice Quiz
Q1. Choose the word most opposite in meaning to ‘OBSEQUIOUS’:
Q2. Select the most appropriate option to fill in the blank: The committee was _______ about approving the proposal without a thorough audit.
Q3. Identify the grammatically correct sentence:
Q4. In the following sentence, select the part that has an error: ‘The data (A) clearly shows (B) that the pension fund has grew (C) by 12% (D) last quarter.’
Q5. Select the most appropriate meaning of the idiom: ‘To burn the midnight oil’
Q6. A pension fund grows at a compound interest rate of 8% per annum. If the current corpus is ₹50 lakh, what will it be after 3 years (approximately)?
Q7. Three pension fund managers A, B and C can process subscriber applications in 12, 15 and 20 days respectively. If all three work together, in how many days will they complete the task?
Q8. An employee contributes 10% of a monthly salary of ₹45,000 to NPS, and the employer contributes 14%. What is the total annual NPS contribution?
Q9. A sum of ₹8,000 is invested at 5% p.a. simple interest for 4 years. Another sum is invested at 8% p.a. CI for 2 years and gives the same interest. Find the second sum (approximately).
Q10. In a data set of NPS subscriber ages: 28, 35, 42, 28, 51, 35, 28, 47, 35, 62, which measure of central tendency is most affected by the extreme value 62?
Q11. Statement: All pension fund managers are financial experts. Some financial experts are CAs. Conclusion I: Some pension fund managers are CAs. Conclusion II: All CAs are pension fund managers. Which is correct?
Q12. If PFRDA is coded as SHUFC, how is SEBI coded in the same pattern?
Q13. A is the father of B. C is the daughter of A. D is the brother of E. E is the daughter of B. How is D related to A?
Q14. In a row of 40 persons, X is 15th from the left and Y is 21st from the right. How many persons are between X and Y?
Q15. Which of the following is the odd one out? CBI, SEBI, PFRDA, IRDAI, NaBFID
Q16. The Pension Fund Regulatory and Development Authority (PFRDA) was established under which Act?
Q17. The National Pension System (NPS) was extended to all citizens of India (including the unorganised sector) from which year?
Q18. Under NPS, what is the minimum percentage of the corpus that must be mandatorily used to purchase an annuity upon exit at retirement (superannuation)?
Q19. Which committee recommended the New Pension System (NPS) to replace the old defined benefit pension system for government employees?
Q20. What does ‘PRAN’ stand for in the context of NPS?
Q21. Which of the following is NOT a feature of a bill of exchange?
Q22. Under which of the following circumstances does ‘factoring’ of receivables occur?
Q23. Which Incoterm places maximum responsibility on the seller, including delivery to the buyer’s named destination with all costs and risks?
Q24. The ‘Demonetization’ of 2016 in India primarily aimed at which of the following?
Q25. ‘Debenture Redemption Reserve’ (DRR) is required to be created under which regulation?
Q26. The concept of ‘caveat emptor’ in commercial law means:
Q27. Which of the following is a characteristic of ‘Preference Shares’?
Q28. Under the Indian Partnership Act, 1932, what is the liability of partners in a general partnership?
Q29. ‘Nostro’ and ‘Vostro’ accounts are associated with:
Q30. The ‘Prompt Payment Discount’ (PPD) in trade transactions is best classified as:
Quiz Summary
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What is the PFRDA Grade A phase 1 paper 1 exam pattern?
Paper 1 is common for all streams and will test your skills in English Language, Quantitative Aptitude, Reasoning, and General Awareness. This paper is meant to check aspirants basic knowledge and abilities, which are important for a career in the pension and financial sector. Each section carries equal marks, and you need to attempt all questions within 60 minutes, so make sure to manage your time well and answer carefully.
| Streams / Subject | Maximum Marks | No. of Questions |
| English Language | 25 | 20 |
| Quantitative Aptitude | 25 | 20 |
| Test of Reasoning | 25 | 20 |
| General Awareness (including some questions related to Financial Sector) | 25 | 20 |
| Total | 100 | 80 |
What is the PFRDA Grade A phase 1 paper 2 exam pattern?
Paper 2 is stream-specific and focuses on professional knowledge in your chosen stream. This paper evaluates your understanding of specialized subjects related to your career domain.
| Streams / Subject | Maximum Marks | No. of Questions |
| General Stream: MCQs on subjects Commerce, Accountancy, Management, Finance, Costing, Companies Act, Economics, and Pension Sector | 100 | 50 |
FAQs
It is a competitive exam conducted by the Pension Fund Regulatory and Development Authority to recruit Assistant Managers.
Yes, the practice questions PDF provided here is completely free to download.
Yes, regular practice improves speed, accuracy, and overall performance in the exam.
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