{"id":248902,"date":"2026-08-05T12:38:24","date_gmt":"2026-08-05T07:08:24","guid":{"rendered":"https:\/\/www.oliveboard.in\/blog\/?p=248902"},"modified":"2026-08-05T12:38:28","modified_gmt":"2026-08-05T07:08:28","slug":"pfrda-grade-a-costing-quiz","status":"publish","type":"post","link":"https:\/\/www.oliveboard.in\/blog\/pfrda-grade-a-costing-quiz\/","title":{"rendered":"Attempt PFRDA Grade A Costing Practice Quiz &#038; Download PDF"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_77 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of content<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.oliveboard.in\/blog\/pfrda-grade-a-costing-quiz\/#Download_PFRDA_Grade_A_Costing_Practice_Quiz_PDF\" >Download PFRDA Grade A Costing Practice Quiz PDF<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.oliveboard.in\/blog\/pfrda-grade-a-costing-quiz\/#Attempt_PFRDA_Grade_A_Costing_Practice_Quiz\" >Attempt PFRDA Grade A Costing Practice Quiz<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.oliveboard.in\/blog\/pfrda-grade-a-costing-quiz\/#Sign_Up\" >Sign Up<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.oliveboard.in\/blog\/pfrda-grade-a-costing-quiz\/#Login\" >Login<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.oliveboard.in\/blog\/pfrda-grade-a-costing-quiz\/#Forgot_Password\" >Forgot Password<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.oliveboard.in\/blog\/pfrda-grade-a-costing-quiz\/#i\" >&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.oliveboard.in\/blog\/pfrda-grade-a-costing-quiz\/#What_is_the_PFRDA_Grade_A_Costing_Paper_2_exam_pattern\" >What is the PFRDA Grade A Costing Paper 2 exam pattern?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.oliveboard.in\/blog\/pfrda-grade-a-costing-quiz\/#What_is_the_Costing_syllabus_for_PFRDA_Grade_A\" >What is the Costing syllabus for PFRDA Grade A?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.oliveboard.in\/blog\/pfrda-grade-a-costing-quiz\/#What_are_the_important_topics_under_Cost_Accounting_basics\" >What are the important topics under Cost Accounting basics?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.oliveboard.in\/blog\/pfrda-grade-a-costing-quiz\/#What_are_the_important_costing_methods_for_PFRDA_Grade_A\" >What are the important costing methods for PFRDA Grade A?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.oliveboard.in\/blog\/pfrda-grade-a-costing-quiz\/#What_are_the_important_topics_under_Standard_Costing\" >What are the important topics under Standard Costing?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.oliveboard.in\/blog\/pfrda-grade-a-costing-quiz\/#What_are_the_important_topics_under_Marginal_Costing\" >What are the important topics under Marginal Costing?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.oliveboard.in\/blog\/pfrda-grade-a-costing-quiz\/#What_are_the_important_topics_under_Budgeting\" >What are the important topics under Budgeting?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/www.oliveboard.in\/blog\/pfrda-grade-a-costing-quiz\/#What_are_the_important_topics_under_Lean_Systems\" >What are the important topics under Lean Systems?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/www.oliveboard.in\/blog\/pfrda-grade-a-costing-quiz\/#What_are_the_important_topics_under_Process_Innovation_and_BPR\" >What are the important topics under Process Innovation and BPR?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/www.oliveboard.in\/blog\/pfrda-grade-a-costing-quiz\/#Which_Costing_topics_should_candidates_focus_on_for_PFRDA_Grade_A\" >Which Costing topics should candidates focus on for PFRDA Grade A?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/www.oliveboard.in\/blog\/pfrda-grade-a-costing-quiz\/#FAQs\" >FAQs<\/a><\/li><\/ul><\/nav><\/div>\n\n<p>The PFRDA Grade A Costing Practice Quiz has been prepared to help candidates revise important concepts from Costing and Management Accounting for the General Stream Paper 2 exam. The quiz covers key topics such as cost accounting basics, costing methods, standard costing, marginal costing, budgeting, and modern cost management techniques. Practising these questions can help candidates understand important concepts and improve their accuracy. <\/p>\n\n\n\n<p>In this blog, we have provided a PFRDA Grade A Costing Practice Quiz along with a free PDF containing questions with direct answers and solutions.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-download-pfrda-grade-a-costing-practice-quiz-pdf\"><span class=\"ez-toc-section\" id=\"Download_PFRDA_Grade_A_Costing_Practice_Quiz_PDF\"><\/span>Download PFRDA Grade A Costing Practice Quiz PDF<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The PFRDA Grade A Costing Practice Quiz is useful for candidates preparing the Costing section of Paper 2. The direct link to download the PDF is provided below.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Particulars<\/strong><\/td><td><strong>Link<\/strong><\/td><\/tr><tr><td>PFRDA Grade A Costing Practice Quiz<\/td><td><a href=\"https:\/\/www.oliveboard.in\/pfrda-grade-a-prep-kit\/?ref=contac-pfrda-costing-pq\" target=\"_blank\" rel=\"noreferrer noopener\">Download Now<\/a><\/td><\/tr><tr><td>PFRDA Grade A Stream Wise PYPs<\/td><td><a href=\"https:\/\/www.oliveboard.in\/blog\/pfrda-assistant-manager-previous-year-paper\/?ref=contac-pfrda-costing-pq\" target=\"_blank\" rel=\"noreferrer noopener\">Download Now<\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-attempt-pfrda-grade-a-costing-practice-quiz\"><span class=\"ez-toc-section\" id=\"Attempt_PFRDA_Grade_A_Costing_Practice_Quiz\"><\/span>Attempt PFRDA Grade A Costing Practice Quiz<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Take a free test based on Costing and Management Accounting and check your level of preparation for the PFRDA Grade A exam. The quiz can help you revise formulas, concepts, methods, and important terms covered in the syllabus.<\/p>\n\n\n\n<!DOCTYPE html>\n<html lang=\"en\">\n<head>\n<meta charset=\"UTF-8\">\n<link rel=\"stylesheet\" href=\"https:\/\/courses.oliveboard.in\/edge\/css\/login-modal-for-blog.css\">\n\n<style>\n#quiz-1-sticky-header {\n  position: sticky;\n  top: 0;\n  z-index: 100;\n  background: #1565c0;\n  color: #fff;\n  padding: 12px 20px;\n  border-radius: 10px 10px 0 0;\n  display: flex;\n  justify-content: space-between;\n  align-items: center;\n  font-size: 16px;\n  font-weight: bold;\n  box-shadow: 0 2px 8px rgba(0,0,0,0.2);\n  margin: -20px -20px 20px -20px;\n}\n\n#quiz-1-score-badge {\n  background: rgba(255,255,255,0.2);\n  padding: 4px 12px;\n  border-radius: 20px;\n  font-size: 15px;\n  white-space: nowrap;\n}\n#quiz-1 * { box-sizing: border-box; }\n\n#quiz-1 .quiz-container {\n  max-width: 700px;\n  margin: auto;\n  padding: 20px;\n  background: #fff;\n  border-radius: 14px;\n  box-shadow: 0 6px 16px rgba(0,0,0,0.12);\n}\n\n#quiz-1 h2 {\n  text-align: center;\n}\n\n#quiz-1 .question {\n  margin-bottom: 22px;\n}\n\n#quiz-1 .question p {\n  font-weight: bold;\n}\n\n#quiz-1 button {\n  width: 100%;\n  padding: 12px;\n  margin: 6px 0;\n  border: none;\n  border-radius: 6px;\n  background: #e0e0e0;\n  color: #000;\n  font-size: 16px;\n  cursor: pointer;\n}\n\n#quiz-1 button:hover {\n  background: #d5d5d5;\n}\n\n#quiz-1 button.correct {\n  background: #4caf50;\n  color: #000;\n}\n\n#quiz-1 button.wrong {\n  background: #f44336;\n  color: #000;\n}\n\n#quiz-1 button.locked {\n  pointer-events: none;\n}\n\n\/* SUMMARY *\/\n#quiz-1 .final-summary {\n  margin-top: 40px;\n  padding: 20px;\n  border-radius: 14px;\n  background: #fafafa;\n  border: 2px solid #4caf50;\n}\n\n#quiz-1 .final-summary h3 {\n  text-align: center;\n  margin-bottom: 20px;\n}\n\n#quiz-1 .summary-row {\n  display: grid;\n  grid-template-columns: 120px 1fr 40px;\n  gap: 10px;\n  align-items: center;\n  margin-bottom: 12px;\n  font-weight: bold;\n}\n\n#quiz-1 .summary-bar {\n  height: 14px;\n  background: #ddd;\n  border-radius: 10px;\n  overflow: hidden;\n}\n\n#quiz-1 .bar-fill {\n  height: 100%;\n  width: 0%;\n}\n\n#quiz-1 .bar-attempted { background: #2196f3; }\n#quiz-1 .bar-correct { background: #4caf50; }\n#quiz-1 .bar-wrong { background: #f44336; }\n#quiz-1 .bar-unattempted { background: #9e9e9e; width: 100%; }\n\n#quiz-1 .final-score {\n  text-align: center;\n  font-size: 22px;\n  margin-top: 20px;\n}\n\n#quiz-1 .score-value {\n  font-size: 30px;\n  margin-left: 8px;\n}\n<\/style>\n<\/head>\n\n<body>\n<div id=\"quiz-1\">\n  <div class=\"quiz-container\">\n<div id=\"quiz-1-sticky-header\">\n  <span> PFRDA Grade A Costing Practice Quiz <\/span>\n  <span id=\"quiz-1-score-badge\">Score: <strong id=\"quiz-1-score-value\">0.00<\/strong><\/span>\n<\/div>\n\n    <!-- QUESTIONS -->\n\n<div class=\"question\" data-answered=\"false\">\n  <p>1. Which of the following best defines &#8216;Cost Accounting&#8217;?<\/p>\n  <button data-correct=\"false\">The process of recording only cash transactions of a business<\/button>\n  <button data-correct=\"false\">The preparation of financial statements for external stakeholders<\/button>\n  <button data-correct=\"true\">The process of accounting for cost, from recording expenditure to ascertaining cost of products\/services<\/button>\n  <button data-correct=\"false\">The process of auditing financial records for statutory compliance<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>2. Management accounting differs from financial accounting mainly because it:<\/p>\n  <button data-correct=\"false\">Is mandatory under company law<\/button>\n  <button data-correct=\"true\">Is meant primarily for internal use in planning, control and decision-making<\/button>\n  <button data-correct=\"false\">Follows a rigid, standardized format prescribed by regulators<\/button>\n  <button data-correct=\"false\">Reports only historical, audited information<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>3. Which of the following is an example of a &#8216;direct cost&#8217;?<\/p>\n  <button data-correct=\"true\">Cost of raw material consumed in a specific product<\/button>\n  <button data-correct=\"false\">Factory supervisor&#8217;s salary<\/button>\n  <button data-correct=\"false\">Depreciation on office equipment<\/button>\n  <button data-correct=\"false\">General administration expenses<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>4. Cost classified as &#8216;controllable&#8217; and &#8216;uncontrollable&#8217; is based on:<\/p>\n  <button data-correct=\"false\">The nature of the expense (fixed or variable)<\/button>\n  <button data-correct=\"false\">Whether the cost is direct or indirect<\/button>\n  <button data-correct=\"false\">The time period to which the cost relates<\/button>\n  <button data-correct=\"true\">Whether a specified level of management can influence the incurrence of the cost<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>5. &#8216;Opportunity cost&#8217; refers to:<\/p>\n  <button data-correct=\"false\">The cost actually incurred and recorded in the books of accounts<\/button>\n  <button data-correct=\"false\">The additional cost of producing one more unit of output<\/button>\n  <button data-correct=\"true\">The value of the benefit sacrificed by choosing one alternative over the next best alternative<\/button>\n  <button data-correct=\"false\">The cost that remains fixed regardless of output<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>6. Sunk cost is best described as a cost that:<\/p>\n  <button data-correct=\"false\">Will be incurred in the future based on a decision<\/button>\n  <button data-correct=\"true\">Has already been incurred and cannot be altered by any current or future decision<\/button>\n  <button data-correct=\"false\">Varies directly with the level of activity<\/button>\n  <button data-correct=\"false\">Is avoidable if a particular decision is not taken<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>7. Which cost concept refers to the change in total cost resulting from producing one additional unit?<\/p>\n  <button data-correct=\"false\">Sunk cost<\/button>\n  <button data-correct=\"false\">Historical cost<\/button>\n  <button data-correct=\"true\">Marginal cost<\/button>\n  <button data-correct=\"false\">Imputed cost<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>8. A cost centre is best defined as:<\/p>\n  <button data-correct=\"true\">A location, person or item of equipment for which costs are ascertained and used for cost control<\/button>\n  <button data-correct=\"false\">A department that always earns revenue for the organisation<\/button>\n  <button data-correct=\"false\">A unit that prepares only the financial statements<\/button>\n  <button data-correct=\"false\">A cost that is uncontrollable in nature<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>9. Prime cost consists of:<\/p>\n  <button data-correct=\"false\">Direct material + factory overheads<\/button>\n  <button data-correct=\"false\">Direct labour + administration overheads<\/button>\n  <button data-correct=\"false\">Direct material + selling overheads<\/button>\n  <button data-correct=\"true\">Direct material + direct labour + direct expenses<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>10. Which of the following is classified as an &#8216;indirect expense&#8217;?<\/p>\n  <button data-correct=\"false\">Wages paid to workers directly engaged in production<\/button>\n  <button data-correct=\"true\">Factory rent and rates apportioned across products<\/button>\n  <button data-correct=\"false\">Cost of raw material used in manufacturing<\/button>\n  <button data-correct=\"false\">Royalty paid based on units produced (traceable to product)<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>11. Cost accounting primarily assists management in:<\/p>\n  <button data-correct=\"true\">Cost ascertainment, cost control and managerial decision-making<\/button>\n  <button data-correct=\"false\">Filing statutory tax returns only<\/button>\n  <button data-correct=\"false\">Preparing only the cash flow statement<\/button>\n  <button data-correct=\"false\">Complying with company law disclosure requirements alone<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>12. The &#8216;cost unit&#8217; of a road transport company would typically be measured as:<\/p>\n  <button data-correct=\"false\">Cost per employee<\/button>\n  <button data-correct=\"false\">Cost per litre of diesel purchased<\/button>\n  <button data-correct=\"true\">Cost per passenger-kilometre or tonne-kilometre<\/button>\n  <button data-correct=\"false\">Cost per vehicle manufactured<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>13. Unit costing (single\/output costing) is most suitable for industries that:<\/p>\n  <button data-correct=\"false\">Undertake distinct, non-repetitive projects for individual customers<\/button>\n  <button data-correct=\"true\">Produce a single, standardised product on a continuous basis (e.g., cement, mining, brick-making)<\/button>\n  <button data-correct=\"false\">Produce a variety of different products in small batches<\/button>\n  <button data-correct=\"false\">Manufacture goods only against a specific customer&#8217;s job order<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>14. Job costing is most appropriate for:<\/p>\n  <button data-correct=\"false\">A cement plant producing a single uniform product continuously<\/button>\n  <button data-correct=\"false\">A sugar mill processing cane through successive stages<\/button>\n  <button data-correct=\"false\">A power utility supplying electricity to the general public<\/button>\n  <button data-correct=\"true\">A printing press that executes distinct customer orders, each with different specifications<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>15. Batch costing is essentially a variant of:<\/p>\n  <button data-correct=\"false\">Process costing, applied to continuous production<\/button>\n  <button data-correct=\"false\">Contract costing, applied to long-duration projects<\/button>\n  <button data-correct=\"false\">Operating costing, used for service industries<\/button>\n  <button data-correct=\"true\">Job costing, where a group of identical units forms one cost unit<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>16. The &#8216;Economic Batch Quantity&#8217; concept is relevant to:<\/p>\n  <button data-correct=\"false\">Contract costing<\/button>\n  <button data-correct=\"false\">Process costing<\/button>\n  <button data-correct=\"true\">Batch costing<\/button>\n  <button data-correct=\"false\">Operating costing<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>17. Contract costing is characterised by all of the following EXCEPT:<\/p>\n  <button data-correct=\"false\">Long duration of the contract, often spanning more than one accounting year<\/button>\n  <button data-correct=\"true\">Production of numerous small, identical units on a factory floor<\/button>\n  <button data-correct=\"false\">Work being executed mainly at the client&#8217;s site rather than the contractor&#8217;s own factory<\/button>\n  <button data-correct=\"false\">Use of concepts like &#8216;notional profit&#8217; and &#8216;retention money&#8217;<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>18. In contract costing, &#8216;retention money&#8217; refers to:<\/p>\n  <button data-correct=\"true\">A percentage of the amount due, withheld by the contractee as security until satisfactory completion<\/button>\n  <button data-correct=\"false\">The total contract price agreed with the contractee<\/button>\n  <button data-correct=\"false\">Money kept aside by the contractor for future contracts<\/button>\n  <button data-correct=\"false\">The escalation amount added for price rise during the contract<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>19. Process costing is most suitable for industries where:<\/p>\n  <button data-correct=\"false\">Each customer order requires unique specifications<\/button>\n  <button data-correct=\"false\">Products are manufactured only on receipt of a specific order<\/button>\n  <button data-correct=\"false\">Work is executed at a client&#8217;s site over multiple years<\/button>\n  <button data-correct=\"true\">Production passes through a series of continuous, sequential processes producing homogeneous output<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>20. In process costing, &#8216;normal loss&#8217; is a loss that:<\/p>\n  <button data-correct=\"false\">Arises due to abnormal factors like fire or machine breakdown<\/button>\n  <button data-correct=\"false\">Is always valued at the full cost of production<\/button>\n  <button data-correct=\"true\">Is inherent to the process and expected under normal operating conditions<\/button>\n  <button data-correct=\"false\">Increases the cost per unit of good output when it has scrap value<\/button>\n<\/div>\n\n\n\n    <!-- FINAL SUMMARY -->\n    <div class=\"final-summary\">\n      <h3>Quiz Summary <\/h3>\n\n      <div class=\"summary-row\">\n        <span>Attempted<\/span>\n        <div class=\"summary-bar\"><div class=\"bar-fill bar-attempted\" data-summary=\"attempted\"><\/div><\/div>\n        <span data-count=\"attempted\">0<\/span>\n      <\/div>\n\n      <div class=\"summary-row\">\n        <span>Correct<\/span>\n        <div class=\"summary-bar\"><div class=\"bar-fill bar-correct\" data-summary=\"correct\"><\/div><\/div>\n        <span data-count=\"correct\">0<\/span>\n      <\/div>\n\n      <div class=\"summary-row\">\n        <span>Wrong<\/span>\n        <div class=\"summary-bar\"><div class=\"bar-fill bar-wrong\" data-summary=\"wrong\"><\/div><\/div>\n        <span data-count=\"wrong\">0<\/span>\n      <\/div>\n\n      <div class=\"summary-row\">\n        <span>Unattempted<\/span>\n        <div class=\"summary-bar\"><div class=\"bar-fill bar-unattempted\" data-summary=\"unattempted\"><\/div><\/div>\n        <span data-count=\"unattempted\">0<\/span>\n      <\/div>\n\n      <div class=\"final-score\">\n        Final Score: <span class=\"score-value\" data-score>0.0<\/span>\n      <\/div>\n    <\/div>\n\n  <\/div>\n<\/div>\n<div class=\"modal modal-obls\" id=\"modal-signup\">\n        <div class=\"modal-background\"><\/div>\n        <div class=\"modal-content\">\n           <div class=\"obls-group\" id=\"obls-group1\">\n               <div class=\"obls-blk\">\n  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}\n      else { wrong++; }\n      restoreQuestion(q, saved.chosenIndex, saved.correct);\n    }\n  });\n  score = parseFloat((correct * 1 - wrong * 0.25).toFixed(2));\n  updateUI();\n\n  \/\/ Attach click handlers\n  questions.forEach((q, qIndex) => {\n    q.querySelectorAll(\"button\").forEach((btn, btnIndex) => {\n      btn.addEventListener(\"click\", () => {\n        if (q.dataset.answered === \"true\") return;\n        q.dataset.answered = \"true\";\n        attempted++;\n\n        if (attempted > 9 && l_log == 0) {\n          $('#modal-signup').addClass('is-active');\n        }\n\n        q.querySelectorAll(\"button\").forEach(b => b.classList.add(\"locked\"));\n        const isCorrect = btn.dataset.correct === \"true\";\n\n if (isCorrect) {\n          btn.classList.add(\"correct\");\n          correct++;\n        } else {\n          btn.classList.add(\"wrong\");\n          wrong++;\n          q.querySelector(\"[data-correct='true']\").classList.add(\"correct\");\n        }\n        score = parseFloat((correct * 1 - wrong * 0.25).toFixed(2));\n\n        savedAnswers[qIndex] = { chosenIndex: btnIndex, correct: isCorrect };\n        saveState(savedAnswers);\n        updateUI();\n      });\n    });\n  });\n\n  updateUI();\n})();\n<\/script>\n\n<\/body>\n<\/html>\n\n\n\n<p><\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.oliveboard.in\/pfrda-grade-a-mock-test\/?ref=contac-pfrda-costing-pq\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Attempt PFRDA Grade A Mock Test <\/strong><\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_the_PFRDA_Grade_A_Costing_Paper_2_exam_pattern\"><\/span>What is the PFRDA Grade A Costing Paper 2 exam pattern?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Costing is one of the subjects included in the PFRDA Grade A General Stream Paper 2 syllabus, along with Commerce &amp; Accountancy, Management, Finance, Companies Act, Economics, and Pension Sector.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Phase\/Paper<\/strong><\/td><td><strong>Subjects Covered<\/strong><\/td><td><strong>Maximum Marks<\/strong><\/td><td><strong>No. of Questions<\/strong><\/td><td><strong>Duration<\/strong><\/td><\/tr><tr><td>Phase 1\/Paper 2<\/td><td>Commerce &amp; Accountancy, Management, Finance, Costing, Companies Act, Economics &amp; Pension Sector<\/td><td>100<\/td><td>50<\/td><td>40 minutes<\/td><\/tr><tr><td>Phase 2\/Paper 2<\/td><td>Commerce &amp; Accountancy, Management, Finance, Costing, Companies Act, Economics &amp; Pension Sector<\/td><td>100<\/td><td>50<\/td><td>40 minutes<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-the-costing-syllabus-for-pfrda-grade-a\"><span class=\"ez-toc-section\" id=\"What_is_the_Costing_syllabus_for_PFRDA_Grade_A\"><\/span>What is the Costing syllabus for PFRDA Grade A?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Costing is one of the important sections of the <a href=\"https:\/\/www.oliveboard.in\/blog\/pfrda-assistant-manager-syllabus\/?ref=contac-pfrda-costing-pq\" target=\"_blank\" rel=\"noreferrer noopener\">General Stream Paper 2 syllabus<\/a>. The syllabus covers the basics of cost and management accounting, different costing methods, cost control techniques, budgeting, and modern management systems. <\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Topic<\/strong><\/td><td><strong>Important Areas for Preparation<\/strong><\/td><\/tr><tr><td>Cost Accounting Basics<\/td><td>Meaning of cost, cost accounting, cost classification, cost centre, cost unit<\/td><\/tr><tr><td>Costing Methods<\/td><td>Unit costing, job costing, batch costing, contract costing, process costing<\/td><\/tr><tr><td>Standard Costing<\/td><td>Standard cost, variance analysis, material variance, labour variance<\/td><\/tr><tr><td>Marginal Costing<\/td><td>Fixed cost, variable cost, contribution, P\/V ratio, break-even point<\/td><\/tr><tr><td>Budgeting<\/td><td>Types of budgets, budgetary control, flexible budget, cash budget<\/td><\/tr><tr><td>Lean Systems<\/td><td>JIT, Kaizen, 5S, TPM, Six Sigma<\/td><\/tr><tr><td>Process Improvement<\/td><td>Process innovation, Business Process Re-engineering (BPR)<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-are-the-important-topics-under-cost-accounting-basics\"><span class=\"ez-toc-section\" id=\"What_are_the_important_topics_under_Cost_Accounting_basics\"><\/span>What are the important topics under Cost Accounting basics?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Cost accounting helps a business understand how much it spends to produce goods or provide services. Candidates should revise the meaning and objectives of cost accounting and understand the different ways costs are classified. Topics such as cost centre, cost unit, direct cost, indirect cost, fixed cost, and variable cost are important for building a strong foundation. These concepts are also useful for understanding other costing methods.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Meaning and objectives of cost accounting<\/li>\n\n\n\n<li>Cost and management accounting<\/li>\n\n\n\n<li>Cost classification<\/li>\n\n\n\n<li>Fixed and variable costs<\/li>\n\n\n\n<li>Direct and indirect costs<\/li>\n\n\n\n<li>Product and period costs<\/li>\n\n\n\n<li>Cost centre and cost unit<\/li>\n\n\n\n<li>Prime cost and conversion cost<\/li>\n\n\n\n<li>Overheads<\/li>\n\n\n\n<li>Cost control and cost reduction<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-are-the-important-costing-methods-for-pfrda-grade-a\"><span class=\"ez-toc-section\" id=\"What_are_the_important_costing_methods_for_PFRDA_Grade_A\"><\/span>What are the important costing methods for PFRDA Grade A?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Different costing methods are used depending on the type of product, service, or production process. Candidates should understand when each method is used and how costs are collected under each method. Unit costing is generally used for identical products, while job and batch costing are useful for specific jobs or groups of products. Process and contract costing should also be revised carefully.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Costing Method<\/strong><\/td><td><strong>Key Area to Study<\/strong><\/td><\/tr><tr><td>Unit Costing<\/td><td>Cost per unit and total cost<\/td><\/tr><tr><td>Job Costing<\/td><td>Cost of a specific job<\/td><\/tr><tr><td>Batch Costing<\/td><td>Cost of a batch of products<\/td><\/tr><tr><td>Contract Costing<\/td><td>Long-term and large contracts<\/td><\/tr><tr><td>Process Costing<\/td><td>Continuous production and process-wise costs<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-are-the-important-topics-under-standard-costing\"><span class=\"ez-toc-section\" id=\"What_are_the_important_topics_under_Standard_Costing\"><\/span>What are the important topics under Standard Costing?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Standard costing is used to compare the expected cost with the actual cost incurred by a business. Candidates should understand the meaning of standard cost and variance and revise the major types of variances. The syllabus may require an understanding of material and labour variances and their interpretation. Focus should be placed on the basic concepts and purpose of variance analysis.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Meaning of standard costing<\/li>\n\n\n\n<li>Standard cost and actual cost<\/li>\n\n\n\n<li>Variance analysis<\/li>\n\n\n\n<li>Material cost variance<\/li>\n\n\n\n<li>Material price and usage variance<\/li>\n\n\n\n<li>Labour cost variance<\/li>\n\n\n\n<li>Labour rate and efficiency variance<\/li>\n\n\n\n<li>Favourable and adverse variance<\/li>\n\n\n\n<li>Uses of standard costing<\/li>\n<\/ul>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.oliveboard.in\/pfrda-grade-a-exam\/?ref=contac-pfrda-costing-pq\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Explore PFRDA Grade A Online Coaching Classes<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-are-the-important-topics-under-marginal-costing\"><span class=\"ez-toc-section\" id=\"What_are_the_important_topics_under_Marginal_Costing\"><\/span>What are the important topics under Marginal Costing?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Marginal costing focuses on the relationship between variable cost, fixed cost, sales, and profit. Candidates should understand concepts such as contribution, Profit\/Volume ratio, break-even point, and margin of safety. These concepts are useful for understanding short-term business decisions. Questions may test both formulas and their practical application.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Meaning of marginal costing<\/li>\n\n\n\n<li>Fixed cost and variable cost<\/li>\n\n\n\n<li>Contribution<\/li>\n\n\n\n<li>Profit\/Volume (P\/V) ratio<\/li>\n\n\n\n<li>Break-even point<\/li>\n\n\n\n<li>Margin of safety<\/li>\n\n\n\n<li>Cost-volume-profit analysis<\/li>\n\n\n\n<li>Profit planning<\/li>\n\n\n\n<li>Decision-making using marginal costing<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-are-the-important-topics-under-budgeting\"><span class=\"ez-toc-section\" id=\"What_are_the_important_topics_under_Budgeting\"><\/span>What are the important topics under Budgeting?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Budgeting is an important tool used by management for planning and controlling business activities. Candidates should understand the meaning and purpose of budgets and the difference between different types of budgets. Flexible budgets, cash budgets, and budgetary control are important areas to revise. Candidates should also understand how budgets help management in planning and performance evaluation.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Meaning and objectives of budgeting<\/li>\n\n\n\n<li>Budgetary control<\/li>\n\n\n\n<li>Fixed and flexible budgets<\/li>\n\n\n\n<li>Cash budget<\/li>\n\n\n\n<li>Sales budget<\/li>\n\n\n\n<li>Production budget<\/li>\n\n\n\n<li>Functional budgets<\/li>\n\n\n\n<li>Master budget<\/li>\n\n\n\n<li>Budget preparation and control<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-are-the-important-topics-under-lean-systems\"><span class=\"ez-toc-section\" id=\"What_are_the_important_topics_under_Lean_Systems\"><\/span>What are the important topics under Lean Systems?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Modern cost management focuses on reducing waste, improving efficiency, and increasing productivity. Candidates should understand the basic concepts of Just-in-Time (JIT), Kaizen, 5S, Total Productive Maintenance (TPM), and Six Sigma. These methods aim to improve processes and reduce unnecessary costs. Basic definitions, objectives, and applications should be revised carefully.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Just-in-Time (JIT)<\/li>\n\n\n\n<li>Kaizen<\/li>\n\n\n\n<li>5S<\/li>\n\n\n\n<li>Total Productive Maintenance (TPM)<\/li>\n\n\n\n<li>Six Sigma<\/li>\n\n\n\n<li>Waste reduction<\/li>\n\n\n\n<li>Quality improvement<\/li>\n\n\n\n<li>Continuous improvement<\/li>\n\n\n\n<li>Productivity improvement<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-are-the-important-topics-under-process-innovation-and-bpr\"><span class=\"ez-toc-section\" id=\"What_are_the_important_topics_under_Process_Innovation_and_BPR\"><\/span>What are the important topics under Process Innovation and BPR?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Process innovation focuses on improving existing business processes to achieve better performance. Business Process Re-engineering (BPR) involves redesigning major business processes to improve efficiency, quality, cost, and speed. Candidates should understand the meaning, objectives, and importance of these concepts. Questions can be based on definitions, features, and practical applications.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Process innovation<\/li>\n\n\n\n<li>Business Process Re-engineering<\/li>\n\n\n\n<li>Process redesign<\/li>\n\n\n\n<li>Cost reduction<\/li>\n\n\n\n<li>Productivity improvement<\/li>\n\n\n\n<li>Quality improvement<\/li>\n\n\n\n<li>Efficiency improvement<\/li>\n\n\n\n<li>Technology in process improvement<\/li>\n<\/ul>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.oliveboard.in\/esi-and-finance-mcqs-for-pfrda-grade-a\/?ref=contac-pfrda-costing-pq\" target=\"_blank\" rel=\"noreferrer noopener\">Check 200+ ESI &amp; Finance MCQs for PFRDA Grade A<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-which-costing-topics-should-candidates-focus-on-for-pfrda-grade-a\"><span class=\"ez-toc-section\" id=\"Which_Costing_topics_should_candidates_focus_on_for_PFRDA_Grade_A\"><\/span>Which Costing topics should candidates focus on for PFRDA Grade A?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Candidates should focus on topics that explain how costs are calculated, controlled, and used for business decisions. Basic costing concepts should be studied first, followed by costing methods and cost control techniques. Candidates should also revise important formulas and understand the meaning of key terms. Regular practice through quizzes can help improve speed and accuracy.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Priority Area<\/strong><\/td><td><strong>Topics to Revise<\/strong><\/td><\/tr><tr><td>Basics<\/td><td>Cost classification, cost centre, cost unit, overheads<\/td><\/tr><tr><td>Costing Methods<\/td><td>Unit, job, batch, contract, process costing<\/td><\/tr><tr><td>Cost Control<\/td><td>Standard costing, variance analysis, marginal costing<\/td><\/tr><tr><td>Budgeting<\/td><td>Budgetary control, flexible budget, cash budget<\/td><\/tr><tr><td>Lean Systems<\/td><td>JIT, Kaizen, 5S, TPM, Six Sigma<\/td><\/tr><tr><td>Process Improvement<\/td><td>Process innovation, BPR<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-faqs\"><span class=\"ez-toc-section\" id=\"FAQs\"><\/span>FAQs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1785912565201\"><strong class=\"schema-faq-question\">1. <strong>Which Costing topics are included in the PFRDA Grade A syllabus?<\/strong><\/strong> <p class=\"schema-faq-answer\">The syllabus covers cost and management accounting basics, costing methods, standard costing, marginal costing, budgeting, lean systems, process innovation, and BPR.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1785912566397\"><strong class=\"schema-faq-question\">2. Is Costing included in PFRDA Grade A Paper 2?<\/strong> <p class=\"schema-faq-answer\">Yes, Costing is included in the General Stream Paper 2 syllabus.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1785912567137\"><strong class=\"schema-faq-question\">3. <strong>Which costing methods should candidates study?<\/strong><\/strong> <p class=\"schema-faq-answer\">Candidates should study unit, job, batch, contract, and process costing.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1785912567749\"><strong class=\"schema-faq-question\">4. What topics should candidates study under marginal costing?<\/strong> <p class=\"schema-faq-answer\">Candidates should revise contribution, P\/V ratio, break-even point, margin of safety, and cost-volume-profit analysis.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1785912568333\"><strong class=\"schema-faq-question\">5. Does the PFRDA Grade A Costing Practice Quiz include solutions?<\/strong> <p class=\"schema-faq-answer\">Yes, the practice quiz PDF includes questions along with direct answers and solutions for better revision.<\/p> <\/div> <\/div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n<ul class=\"wp-block-latest-posts__list is-grid columns-3 wp-block-latest-posts\"><li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/pfrda-grade-a-economics-quiz\/\">Attempt PFRDA Grade A Economics Practice Quiz &#038; Download PDF<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/pfrda-grade-a-costing-quiz\/\">Attempt PFRDA Grade A Costing Practice Quiz &#038; Download PDF<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/pfrda-grade-a-companies-act-quiz\/\">Attempt PFRDA Grade A Companies Act Practice Quiz &amp; Download PDF<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/pfrda-grade-a-commerce-accountancy-quiz\/\">Attempt PFRDA Grade A Commerce &amp; Accountancy Practice Quiz<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/pfrda-assistant-manager-previous-year-paper\/\">PFRDA Grade A Previous Year Papers PDF, Download Free PYPs<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/pfrda-assistant-manager-salary\/\">PFRDA Grade A Salary 2026, Pay Scale, In-Hand Salary<\/a><\/li>\n<\/ul>","protected":false},"excerpt":{"rendered":"<p>The PFRDA Grade A Costing Practice Quiz has been prepared to help candidates revise important concepts from Costing and Management<\/p>\n","protected":false},"author":58,"featured_media":248903,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11047,10247],"tags":[],"class_list":["post-248902","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pfrda-grade-a","category-rbi-sebi-nabard","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-50"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Attempt PFRDA Grade A Costing Practice Quiz &amp; 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I work as a Content Writer at Oliveboard, where I have been simplifying exam-related content for the past 4 years. I create clear and easy-to-understand guides for JAIIB, CAIIB, and UGC exams. My work includes breaking down notifications, admit cards, and exam updates, as well as preparing study plans and subject-wise strategies. My goal is to support working professionals in managing their exam preparation alongside a full-time job and to help them achieve career growth.\",\"sameAs\":[\"www.linkedin.com\/in\/aditi-chakraborty-131b3b379\"]},{\"@type\":\"Question\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/pfrda-grade-a-costing-quiz\/#faq-question-1785912565201\",\"position\":1,\"url\":\"https:\/\/www.oliveboard.in\/blog\/pfrda-grade-a-costing-quiz\/#faq-question-1785912565201\",\"name\":\"1. Which Costing topics are included in the PFRDA Grade A syllabus?\",\"answerCount\":1,\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The syllabus covers cost and management accounting basics, costing methods, standard costing, marginal costing, budgeting, lean systems, process innovation, and BPR.\",\"inLanguage\":\"en-US\"},\"inLanguage\":\"en-US\"},{\"@type\":\"Question\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/pfrda-grade-a-costing-quiz\/#faq-question-1785912566397\",\"position\":2,\"url\":\"https:\/\/www.oliveboard.in\/blog\/pfrda-grade-a-costing-quiz\/#faq-question-1785912566397\",\"name\":\"2. Is Costing included in PFRDA Grade A Paper 2?\",\"answerCount\":1,\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Yes, Costing is included in the General Stream Paper 2 syllabus.\",\"inLanguage\":\"en-US\"},\"inLanguage\":\"en-US\"},{\"@type\":\"Question\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/pfrda-grade-a-costing-quiz\/#faq-question-1785912567137\",\"position\":3,\"url\":\"https:\/\/www.oliveboard.in\/blog\/pfrda-grade-a-costing-quiz\/#faq-question-1785912567137\",\"name\":\"3. 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