The PFRDA Grade A Finance Practice Quiz has been prepared to help candidates revise important Finance topics covered in the General Stream Paper 2 syllabus. The quiz includes questions based on the financial system, regulatory bodies, financial markets, derivatives, financial inclusion, financial technology, PPP, taxation, GST, FRBM, and inflation. Regular practice can help candidates improve conceptual clarity and recall important financial terms.
In this blog, we have provided a PFRDA Grade A Finance Practice Quiz along with a free PDF containing questions with direct answers and solutions.
Download PFRDA Grade A Finance Practice Quiz PDF
The PFRDA Grade A Finance Practice Quiz covers important Finance topics mentioned in the General Stream syllabus. The direct link to download the Finance Practice Quiz PDF is provided below.
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| PFRDA Grade A Finance Practice Quiz | Download Now |
| PFRDA Grade A Stream Wise PYPs | Download Now |
Attempt PFRDA Grade A Finance Practice Quiz
Take a free test based on Finance and check your preparation for the PFRDA Grade A General Stream Paper 2 examination. The quiz is useful for revising important financial concepts and testing your understanding before attempting full-length mock tests.
1. Which regulatory body regulates the pension sector in India, including the National Pension System (NPS)?
2. Which institution acts as the central bank of India and regulates the banking system?
3. Which body regulates and develops the insurance sector in India?
4. Which apex institution provides refinance and credit support for agriculture and rural development?
5. The Financial Stability and Development Council (FSDC), which monitors macro-prudential supervision, is chaired by:
6. Which institution is primarily responsible for regulating and supervising Non-Banking Financial Companies (NBFCs) in India?
7. Which regulator is responsible for protecting investors and regulating the capital markets in India?
8. Which institution provides credit and refinance support specifically to small-scale industries in India?
9. The apex mechanism for coordinating financial sector regulation among RBI, SEBI, IRDAI and PFRDA is known as:
10. Which market deals in the trading of already-issued securities among investors rather than the issuance of new securities?
11. The market in which foreign currencies are bought and sold is known as the:
12. Which of the following is a money market instrument?
13. A bond that gives the holder the option to convert it into equity shares of the issuing company is called a:
14. In the equity market, a ‘bull market’ refers to a phase in which:
15. Which of the following instruments is used by the government for long-term borrowing in the capital market?
16. An exchange rate system in which the currency value is determined by market demand and supply without central bank intervention is called a:
17. Which index represents the benchmark equity index of the Bombay Stock Exchange (BSE)?
18. Commercial Paper (CP) is typically issued by:
19. A contract that obligates the buyer to purchase and the seller to sell a standardised asset at a predetermined price on a specified future date, traded on an exchange, is called a:
20. A customised derivative contract negotiated privately between two parties (over-the-counter) to buy or sell an asset at a future date is known as a:
Quiz Summary
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What is the PFRDA Grade A Finance Paper 2 exam pattern?
Finance is one of the key subjects covered under the PFRDA Grade A General Stream Paper 2 syllabus, along with Commerce & Accountancy, Management, Costing, Companies Act, Economics, and Pension Sector.
| Phase/Paper | Subjects Covered | Maximum Marks | No. of Questions | Duration |
| Phase 1 | Commerce & Accountancy, Management, Finance, Costing, Companies Act, Economics & Pension Sector | 100 | 50 | 40 minutes |
| Phase 2 | Commerce & Accountancy, Management, Finance, Costing, Companies Act, Economics & Pension Sector | 100 | 50 | 40 minutes |
What is the Finance syllabus for PFRDA Grade A?
Finance is an important section of the PFRDA Grade A General Stream syllabus. It covers the financial system, regulatory bodies, financial markets, derivatives, financial inclusion, financial technology, alternative finance, taxation, GST, FRBM, and inflation. Candidates should understand the role and functions of major financial institutions and the basic features of different markets.
| Topic | Important Areas for Preparation |
| Financial System | Components, institutions, financial intermediaries |
| Regulatory Bodies | RBI, SEBI, PFRDA, IRDAI and other regulators |
| Financial Markets | Money, bond, equity, and foreign exchange markets |
| Derivatives | Forward, futures, swaps |
| Financial Inclusion | Access to financial services and technology |
| Alternate Finance | PPP and other financing methods |
| Taxation | Direct and indirect taxes, GST |
| FRBM | Fiscal responsibility and budget management |
| Inflation | WPI, CPI, causes and effects |
What are the important topics under the Financial System?
The financial system connects savers, investors, financial institutions, and markets. Candidates should understand the basic structure of the financial system and the role played by financial intermediaries. Banks, financial markets, and regulatory bodies are important parts of this system. Candidates should also revise the functions and responsibilities of major financial regulators.
- Meaning and structure of financial system
- Financial institutions
- Financial intermediaries
- Financial markets
- Banking institutions
- Regulatory framework
- Role of financial regulators
- Financial services
What are the important financial regulatory bodies for PFRDA Grade A?
Financial regulators help maintain stability, transparency, and orderly functioning of different parts of the financial system. Candidates should understand the basic role and regulatory area of major institutions such as the Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI), Pension Fund Regulatory and Development Authority (PFRDA), and Insurance Regulatory and Development Authority of India (IRDAI). Questions may focus on the functions and areas regulated by these bodies.
| Regulatory Body | Major Area |
| RBI | Banking and monetary system |
| SEBI | Securities and capital market |
| PFRDA | Pension sector |
| IRDAI | Insurance sector |
What are the important topics under Financial Markets?
Financial markets help in the transfer of funds between those who have surplus funds and those who need funds. Candidates should understand the basic features and functions of money, bond, equity, and foreign exchange markets. The difference between money and capital markets is also important. Candidates should focus on the purpose and major instruments associated with each market.
- Money market
- Bond market
- Equity market
- Foreign exchange market
- Primary market
- Secondary market
- Financial instruments
- Market participants
- Role of financial markets
What are the important topics under Derivatives?
Derivatives are financial instruments whose value is linked to an underlying asset or variable. Candidates should understand the basic meaning and purpose of derivatives and revise the major types included in the syllabus. Forward contracts, futures, and swaps are important topics. Focus should be placed on their basic features and differences.
| Derivative | Basic Concept |
| Forward | Agreement to buy or sell an asset at a future date at an agreed price |
| Futures | Standardised contract traded through an organised market |
| Swap | Agreement to exchange cash flows based on agreed terms |
What are the important topics under Financial Inclusion and Technology?
Financial inclusion focuses on providing useful and affordable financial services to people and businesses. Candidates should understand how technology has helped improve access to banking and financial services. Digital payments, technology-based financial services, and wider access to formal finance are important areas to understand. Candidates should revise the role of technology in improving financial access and efficiency.
- Meaning of financial inclusion
- Access to financial services
- Digital banking
- Digital payments
- Financial technology
- Technology-enabled financial services
- Financial literacy
- Role of technology in inclusion
What are the important topics under PPP and Alternate Finance?
Public-Private Partnership (PPP) is a method through which public and private entities work together for projects and services. Candidates should understand the basic meaning and purpose of PPP and the role of private participation in financing. Alternate finance concepts should also be revised from a basic conceptual perspective.
- Public-Private Partnership
- Private sector participation
- Infrastructure financing
- Alternate finance
- Project financing
- Risk sharing
- Role of public and private sectors
What are the important topics under Taxation and GST?
Taxation is an important part of public finance and affects individuals, businesses, and the overall economy. Candidates should understand the basic difference between direct and indirect taxes and revise the fundamentals of Goods and Services Tax (GST). The purpose and broad structure of GST should be understood clearly. Questions may test basic concepts and differences.
- Direct taxes
- Indirect taxes
- Goods and Services Tax (GST)
- Basic GST structure
- GST features
- Tax collection
- Tax compliance
- Role of taxation in the economy
What are the important topics under FRBM and Inflation?
The Fiscal Responsibility and Budget Management (FRBM) framework is related to fiscal discipline and responsible management of government finances. Candidates should understand the basic purpose of FRBM and important fiscal concepts. Inflation is also part of the Finance syllabus, with focus on WPI and CPI. Candidates should understand the causes, effects, and basic measurement of inflation.
- FRBM
- Fiscal discipline
- Government finances
- Fiscal deficit
- Revenue and expenditure
- WPI
- CPI
- Inflation
- Causes and effects of inflation
Which Finance topics should candidates focus on for PFRDA Grade A?
Candidates should focus on the financial system, regulatory bodies, financial markets, derivatives, and financial inclusion. Taxation, GST, FRBM, and inflation should also be revised carefully. Make short notes of important terms and understand the differences between financial instruments and markets. Regular practice can help improve speed and accuracy.
| Priority Area | Topics to Revise |
| Financial System | Financial institutions, intermediaries, regulators |
| Financial Markets | Money, bond, equity, Forex |
| Derivatives | Forward, futures, swaps |
| Financial Inclusion | Financial access, technology, digital services |
| Alternate Finance | PPP and project financing |
| Public Finance | Taxation, GST, FRBM |
| Inflation | WPI, CPI, causes and effects |
How can candidates prepare for the PFRDA Grade A Finance section?
Candidates should first understand the basic structure of the financial system and the role of major financial institutions. After that, they should study financial markets, derivatives, financial inclusion, taxation, and other topics mentioned in the syllabus. Short notes can be useful for revising regulatory bodies, financial instruments, and important terms. Candidates should attempt topic-wise quizzes regularly and analyse their mistakes.
- Read the Finance syllabus carefully.
- Understand the structure of the financial system.
- Revise the role of major regulators.
- Study money, bond, equity, and Forex markets.
- Understand forward, futures, and swaps.
- Revise financial inclusion and technology.
- Study PPP and alternate finance concepts.
- Revise taxation, GST, and FRBM.
- Understand WPI, CPI, and inflation.
- Attempt the PFRDA Grade A Finance Practice Quiz.
- Analyse incorrect answers and revise weak areas.
- Attempt full-length Paper 2 mock tests.
FAQs
The syllabus covers the financial system, regulatory bodies, financial markets, derivatives, financial inclusion, technology, PPP, alternate finance, taxation, GST, FRBM, and inflation.
Yes, Finance is one of the subjects included in the General Stream Paper 2 syllabus.
Candidates should study the basics of forward contracts, futures, and swaps.
Candidates should study the money, bond, equity, and foreign exchange markets.
The syllabus covers the Forex, money, bond, and equity markets.
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